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Rolls Are the Only Game In Town

AUSSIE BONDS

The Aussie bond curve has flattened further in Sydney trade, with spill over from Wednesday's U.S. Tsy move evident. YM +2.0 & XM +9.0 at typing.

  • Roll flow continues to dominate matters, with a bias to selling still evident in both YM & XM rolls. 407K/470K & 147K/258K trading on the respective bids (numbers shown are volume traded on the bid since the Sydney open vs. total volume).
  • In terms of market matters, ANZ moved their call for the first RBA hike of a new cycle to H223.
  • On the local data front, we saw an uptick in consumer inflation expectations.
  • The release of the AOFM's weekly issuance schedule headlines locally on Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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