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The sell off in global equities........>

AUSSIE BONDS
AUSSIE BONDS: The sell off in global equities dragged the space higher on SYCOM,
although the long end outperformed, with 3-Year futures seemingly unwilling to
extend through their recent high in the absence of a fresh domestic catalyst.
- YM +1.5, XM +3.5 at writing.
- Bills trade 1 tick lower to 4 ticks higher through the reds. With some twist
steepening of the strip in play.
- IB pricing re: chances of an RBA cut in November have stabilised around 45%.
- Monthly trade data headlines the local docket today.
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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