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YM & XM operate at unchanged levels,...>

AUSSIE BONDS
AUSSIE BONDS: YM & XM operate at unchanged levels, following the impetus from
Tsys in SYCOM trade, before fading in early Sydney dealing as Tsys pared some of
their gains into the bell. Coronavirus headlines will continue to dominate
headline flow, with the death count topping 1,000 (per Hubei province numbers),
although the case growth rate seemingly remains off highs (will wait for
national figures to confirm). Worth noting this may be due to some massaging of
the numbers. An Apple HK reporter has noted that "Chinese NHC has changed their
definition of #WuhanCoronavirus "confirmed case" in their latest guidelines
dated 7/2. Patients tested positive for the virus but have no symptoms will no
longer be regarded as confirmed. This inevitably will lower the numbers."
- Early corporate flow has seen Sumitomo Mitsui mandate for a new 2.5 Year
floating A$ note, while First Abu Dhabi has launched 5-Year fixed and/or
floating A$ paper. On the semi front, WATC launched a new benchmark 5-Year
floater.
- Housing finance data and the latest NAB Biz survey headline today. We will
also see I/L supply from the AOFM.
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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