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Trump's latest tweet storm,............>

AUSSIE BONDS
AUSSIE BONDS: Trump's latest tweet storm, outlining fresh tariffs on China, left
futures well bid on SYCOM.
- YM last +9.0, with XM +12.0, as the contracts sit shy of their overnight
highs, although the curve remains comfortably flatter than it did at settlement.
YM/XM deals at 37.5, with the cash equivalent at 33.4bp.
- The AU/U.S. 10-Year yield spread hovers around the -80bp level.
- Bills sit 3-9 ticks higher through the reds, with a clear flattening bias
apparent in the wake of Trump's tweets.
- Domestic focus turns to retail sales & PPI, as well as ACGB 3.25% 21 Apr 2029
supply and the weekly AOFM issuance announcement.
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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