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The space has operated in a rather.....>

AUSSIE BONDS
AUSSIE BONDS: The space has operated in a rather limited fashion this morning,
trading shy of the SYCOM highs, after Bonds followed US Tsys higher on a
reported fat finger in T-Notes on Thursday.
- The space shrugged off the issuance of A$2.5bln worth of new May 2030 Bonds
and the latest round of AOFM buybacks following yesterday's concession.
- The domestic 3-/10-Year yield differential continues to operate above 60.0bp
after the steepening seen yesterday, with the AU/US 10-Year spread now at
~13.0bp. 
- Bills have edged higher in the main, tracking Bonds, although IRU8 has
underperformed with BBSW/Repo still pressuring.
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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