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The space has stuck to a tight range...>

AUSSIE BONDS
AUSSIE BONDS: The space has stuck to a tight range in SFE dealing, with 3-Year
Bond futures last trading 0.5 ticks lower at at 97.705, while 10-Year Bond
futures trade 1.5 ticks softer at 97.105. Both contracts trade 1.5 ticks from
highs.
- The domestic 3-/10-Year yield differential has continued to steepen, last
trading some 2.9bp steeper at 62.0bp, while the AU/US 10-Year spread operates at
-15.5bp.
- There has been little in the way of catalysts for traders to take cues from
today, meaning that the space has stuck to a tight range.
- The longer end of the curve continues to be subject to the gyrations seen in
the US curve.
- 3-Month BBSW fixed unchanged today, with the white and red bill contracts last
trading 1 to 3 ticks softer than settlement.
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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