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Tsy price action has largely...........>

AUSSIE BONDS
AUSSIE BONDS: Tsy price action has largely dictated the moves in Aussie bonds
during the early part of this week.
- RBA's Kent failed to address monetary policy or the economic outlook in a
speech he made early today, with focus now moving to the auction of an XMM9
basket bond at the top of the hour, and the RBNZ's latest MonPol decision, set
to be released from across the Tasman at 01:00 GMT.
- YM trades -1.0 tick lower, with XM +2.5 ticks at writing, promoting further
curve flattening in early trade. YM/XM trades at 40.5 as a result, with the cash
equivalent at 35.5bp.
- Bills trade unchanged to 2 ticks lower through the reds. RBA repo operations
saw A$1.215bn worth of 43-day ops dealt at an average of 2.033%.
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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