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The major bond markets benefitted......>

AUSSIE BONDS
AUSSIE BONDS: The major bond markets benefitted from some modest JPY strength
and lacklustre equity trade overnight.
- In addition to this, Aussie bonds benefitted from over A$4.0bn worth of coupon
payments, and probably drew further support from the move lower in Chinese
equities that was seen on Monday. YM last trades 4.5 ticks higher, with XM +5.0
ticks. YM/XM trades at 50.5 ticks, with the cash equivalent at 46.4bp.
- Bills trade 3-4 ticks higher through the reds. RBA repo ops saw A$500mn worth
of 17-day ops dealt at an average of 1.807%, with A$1.235bn worth of 51-day ops
dealt at an average of 1.805%.
- Focus on Wednesday will turn to domestic inflation data.
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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