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The space took the lead of the.........>

AUSSIE BONDS
AUSSIE BONDS: The space took the lead of the broader core global FI space on
SYCOM, triggering the latest round of bear steepening, with the major futures
contracts sitting at/just off worst levels at typing. YM -1.0, XM -6.0, with the
3-/10-Year curve hitting the steepest levels seen since the March vol.
- 3-Year yields have printed as high as 0.28% in early Sydney trade.
- The AU/U.S. 10-Year yield spread still hovers around the 25bp mark.
- Bills sit unchanged to -1 through the reds.
- Eyes on A$1.0bn worth of ACGB 1.25% 21 May 2032 supply and the AOFM weekly
issuance schedule 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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