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The contracts have ticked to best......>

AUSSIE BONDS
AUSSIE BONDS: The contracts have ticked to best levels on the back of the Globe
& Mail report that suggests that the U.S. is set to proceed in seeking the
extradition of the Huawei CFO from Canada.
- The space continues to operate in a relatively tight range, after meandering
along for most of the session. YM trades 0.5 tick lower on the day, with XM
+0.5. YM/XM last 51.0, with the cash 3-/10-Year yield differential at 48.1bp.
- Bills trade unchanged to 2 ticks lower across the whites and reds, on fairly
limited volume.
- Also worth highlighting some A$ denominated issuance matters from earlier.
Northern Territory launched a new April 2027 bond while KfW launched a tap of
its 2024 Kangaroo line.
- Little in the way of domestic events due today, with the broader risk backdrop
set to drive price action. Focus falls on NZ CPI from across the Tasman, due
tomorrow, ahead of AU labour market data due Thursday.
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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