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Free AccessThe space continued to edge lower,.....>
AUSSIE BONDS: The space continued to edge lower, alongside U.S. Tsys, with
Asia-Pacific equities ticking higher in early dealing today. That comes after
Aussie Bonds tracked Tsys lower on SYCOM as risk sentiment improved on the back
of the U.S.-Mexico trade pact, with a cloud of political uncertainty hanging
over Canberra adding additional weight to the space.
- The domestic 3-/10-Year yield differential sits just below 53bp last, a touch
steeper on the day, while the AU/U.S. 10-Year yield spread hovers around
-27.5bp.
- Corporate issuance continues to garner interest. OCBC have launched a
benchmark A$ 3-year floating and/or fixed deal, with Singtel Optus & Macquarie
University mandating banks for 5- & 10-Year A$ deals respectively.
- The space ignored the latest I/L Bond auction.
- The Bill strip trades unchanged to 3 ticks lower last, with 3-Month BBSW
fixing 0.1bp higher today.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.