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The space took cues from offshore......>

AUSSIE BONDS
AUSSIE BONDS: The space took cues from offshore markets on SYCOM, but futures
now trade back around unchanged levels. YM last +0.5 tick, with XM -0.5 tick,
with some light twist steepening in play as YM/XM trades at 42.5 ticks, while
the cash equivalent trades at 41.2bp.
- Bills running 1-3 ticks higher through the reds.
- Trade balance data provides the highlight of the local docket today.
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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