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XM managed to have a look through......>

AUSSIE BONDS
AUSSIE BONDS: XM managed to have a look through overnight lows in early Sydney
trade, but the move has proved fleeting thus far, although the curve still sits
a touch steeper vs. settlement levels. YM unchanged on the day at typing, with
XM -1.5.
- IPT's, coupon and pricing date (tomorrow) failed to provide any shock re: the
new ACGB 1.00% Dec '30 line.
- Corporate supply has seen Woolworths launch 5- & 10-Year paper, with UBS
Australia launching 2.5-Year snr unsecured.
- Bills run unchanged to -1 through the reds.
- Focal points on today's local docket include the latest NAB business survey
and an address from Treasurer Frydenberg (with the details already covered in
the local media, available on bullets earlier 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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