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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 2.0 ticks higher at 97.730, while 10-Year Bond futures
trade 3.0 ticks higher at 97.150, aided by a strong non-basket Bond auction & an
uptick in US Tsys.
- The domestic 3-/10-Year yield differential is 1.0bp flatter at 59.8bp, back
from yesterday's recent highs, while the AU/US 10-Year spread operates at
-14.9bp.
- There has been little in the way of catalysts, with traders eying next week's
RBA MonPol decision & SoMP.
- The longer end of the curve continues to be subject to the gyrations seen in
the US curve.
- 3-Month BBSW fixed 1bp lower today, at 2.045%, with the white and red bill
contracts last trading 2 to 4 ticks higher.
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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