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The space continued to edge lower,.....>

AUSSIE BONDS
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.
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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