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The space has edged higher during......>

AUSSIE BONDS
AUSSIE BONDS: The space has edged higher during SFE hours, after the domestic
headline CPI release marginally missed exp., although the core inflation
measures provided modest beats.
- 3-Year Bond futures last trade at 97.715 (+2.5 ticks) while 10-Year Bond
futures last trade at 97.130 (+1.0 ticks).
- The domestic 3-/10-Year yield differential last trades 0.7bp steeper at 59.6bp
(after a brief look above 60bp), while the AU/US 10-Year yield spread sits 0.4bp
wider at -11.3bp.
- 3-Month BBSW fixed 1bp lower today today, with the white & red Bill contracts
last trading unchanged to 2 ticks higher, reversing the early session losses.
- RBA Assistant Gov. Kent made an address in early dealing, but offered little
new, reiterating the RBA's strap line, in that the next move in the cash rate is
likely to be up, while he stressed that the central bank is in no rush to change
its benchmark rate.
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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