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The space has edged back from the......>

AUSSIE BONDS
AUSSIE BONDS: The space has edged back from the opening highs and continues to
track Tsys after rallying during the SYCOM session on the back of broader risk
off flows.
- The domestic 3-/10-Year yield differential & AU/US 10-Year yield spread
continue to operate around the recently observed levels.
- The 3-Month BBSW fix edged away from the multi-year highs that were observed
yesterday, fixing 1.35bp lower today. The Bill strip is trading a touch firmer
with the white and red contracts 1-2 ticks higher last.
- Participants await the auction results from the latest tender for the longest
Bong on the AOFM's books, the Mar 2047 line.
- The Australian docket looks very limited over the next week, so focus is
likely to fall on the broader risk environment.
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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