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The Brexit inspired move lower has.....>

AUSSIE BONDS
AUSSIE BONDS: The Brexit inspired move lower has provided the highlight thus
far, similar to Tsys, with futures holding lower, in a tight range since, with a
wider than expected AU trade surplus lending a helping hand.
- The domestic 3-/10-Year cash yield differential has steepened on the move,
last 62.8bp, while the AU/U.S. 10-Year yield spread holds around -51.0bp.
- On the issuance front, SAFA has announced it plans to tap its existing 2028
line for up to A$1bn, while NAB is looking to tap its September 2023 line for up
to A$250mn. 
- 3-Month BBSW fixed 1bp higher today, with Bills last 1-7 ticks lower.
- Focus now moves to tomorrow's AU retail sales data, 2029 Bond auction and AOFM
weekly issuance schedule.
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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