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YM +2.0 ticks with XM +3.5 ticks.......>

AUSSIE BONDS
AUSSIE BONDS: YM +2.0 ticks with XM +3.5 ticks after soft EZ & U.S. m'fing PMI
data dragged the space higher on SYCOM.
- Curve sits flatter as a result with YM/XM at 42.5 ticks and the cash
equivalent at 38.5bp.
- Bills trade unchanged to 2 ticks higher through the reds.
- A speech from RBA Gov Lowe is expected at 04:05BST/13:05AEST; the title is
"Inflation Targeting & Economic Welfare."
- Dated OIS are fully pricing a 25bp cut to the cash rate by the end of the
RBA's November meeting.
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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