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SYCOM weakness extended into SFE.......>

AUSSIE BONDS
AUSSIE BONDS: SYCOM weakness extended into SFE hours leaving YM -2.5 & XM -5.0
come settlement, with the curve running steeper. YM/XM finished +2.0 at 46.0.
- Optimism surrounding Sino-U.S. trade matters dominated the headline front,
with a very limited local docket apparent during the session.
- TCV issued $A1.1bn of its new '23 line. Several desks noted that TCV views the
issuance as more of a liquidity management matter, as opposed to a funding
contribution.
- Bills finished unchanged to 3 ticks lower through the reds.
- Flow of note saw IRU0Z0 sold in 3.0K and IBG0H0 given in 2.0K.
- Tomorrow's docket is headlined by A$400mn worth of ACGB 2.75% 21 April 2024
supply.
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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