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10-Year AU/U.S. Spread Dynamics Perhaps Driving Weakness In Aussie Long End

AUSSIE BONDS

We haven’t seen much in the way of overt triggers for today’s downtick in Aussie 10s. We point to a seeming lack of willingness to force the 10-Year AU/U.S. yield spread meaningfully below 0 (at least for now) as a potential catalyst here, with the latest bounce away from that level occurring during today’s Sydney session.

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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