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Stronger than expected trade data......>

AUSSIE BONDS
AUSSIE BONDS: Stronger than expected trade data and an approach towards notable
resistance in YM kept a lid on bond futures in the wake of today's softer than
expected retail sales data, which on a trend basis, will continue to generate
worry at the RBA.
- YM last trades -1.0 tick, with XM +2.0 ticks. YM/XM -2.5 ticks at 46.5, with
the cash equivalent at 47.0bp. The AU/U.S. 10-Year yield spread trades at
-61.3bp.
- Bills trade unchanged to 2 ticks lower through the reds after IRH9's final
settlement.
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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