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The space is operating at similar......>

AUSSIE BONDS: The space is operating at similar levels to those seen yesterday
with the 3-Year futures at 97.930 (unch.) and 10-Year futures at 97.240
respectively (+0.5).
- The domestic curve is a little flatter, with the 3-Year yield last at 2.047%
(+0.1bp) & the 10-Year yield last at 2.772% (-0.5bp), which leaves the yield
differential at 71.7bp.
- The AU/US 10-Year spread last sits at -9.3bp.
- Swappable corporate issuance is once again noted today, with Lloyds announcing
$A 7-Year note.
- The short end is experiencing a quiet session thus far, with the white bill
contracts unchanged to a tick lower. 
- The 2040 I/L auction passed smoothly today and had no notable effects on the
broader space. 
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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