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The space has moved lower but lags.....>

AUSSIE BONDS
AUSSIE BONDS: The space has moved lower but lags Tsys, as the AU/US 10-Year
spread grinds wider to last sit at -18.1bp (bearing in mind US cash Tsys will be
closed during Wednesday's Asia-Pac session).
- 3-Year bond futures last trade at 97.825 (-3.5 ticks) while 10-Year Bond
futures trade at 97.265 (-2.0 ticks).
- The domestic 3-/10-Year yield differential last trades 0.9bp flatter at
62.8bp.
- The space digested an auction of the Nov '22 line, which isn't a basket bond,
with the auction deemed a non event.
- 3-month BBSW fixed 1bp higher today, after yesterday's pause in the march
higher, with the Bill strip sitting 1 to 4 ticks lower across the white & red
contracts. Do note downside option plays covering the mid-2019 Eurodollar
contracts were active in NY dealing.
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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