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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, but moved
higher on a flurry of buy side activity with little in the way of catalysts
apparent. The space has continued to operate around session signs with
relatively steady Chinese official PMI data & domestic Melbourne Institute
inflation data doing little to move Bonds.
- 3-Year Bond futures last trade 4.5 ticks higher at 97.780, while 10-Year Bond
futures trade 4.5 ticks higher at 97.205.
- Cash Tsys are closed until the London open owing to a Japanese holiday.
- The domestic 3-/10-Year yield differential is 0.9bp flatter at 58.5bp.
- 3-Month BBSW fixed 1bp lower today, at 2.035%, with the white and red Bill
contracts last trading unchanged to 4 ticks higher.
- Focus falls on tomorrow's RBA MonPol decision & Friday's SoMP. With no change
expected at the MonPol decision, participants will eye any nuanced shifts in
rhetoric & scour the latest batch of economic projections in the SoMP.
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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