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The space has meandered sideways in....>

AUSSIE BONDS
AUSSIE BONDS: The space has meandered sideways in SFE dealing with 3-Year Bond
futures last trading at 97.875 (-2.0 ticks) and 10-Year Bond Futures last
trading at 97.410 (+1.5 tick).
- The domestic 3-/10-Year yield differential last trades 0.5bp flatter at
53.2bp, while the AU/US 10-Year spread trades virtually unchanged at -19.8bp
last.
- 3-Month BBSW fixed 0.5bp higher, however repo rates jumped on the last trading
day of the quarter. The focus in the early part of April (outside of the RBA
decision) will be on whether or not the recent funding squeeze abates , with
many pointing to quarter end influences as a driving factor behind the recent
move in repo rates. IRM8 is 3 ticks lower on the day, with the remainder of the
white & red Bill contracts a tick worse off.
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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