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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 early dealing this week as
participants await the auction of the 2.25% 21 November 2022 Bond.
- The domestic 3-/10-Year yield differential and the AU/US 10-Year continue to
operate around familiar levels.
- 3-Month BBSW fixed 1.05bp lower today as the effects of quarter & FY end start
to dissipate from the space, aided by the RBA offering a hefty A$4.0bln in the
open market ops space. The white & red Bill contracts last trade 1-2 ticks
higher as a result.
- Participants look to tomorrow's RBA MonPol decision, with no change expected
focus will fall on the rhetoric employed by the central bank. Elsewhere
Australian trade and retail sales data provide points of interest throughout the
week.
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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