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3-/10-Year Curve At Multi-Month Steeps

AUSSIE BONDS

Little to really mention for the space early on, YM -2.0 and XM -2.5, with the former testing the recent low and the latter settling around the middle of its overnight range in early Sydney dealing. The cash ACGB 3-/10-Year yield spread has moved to the steepest level witnessed since late June, steepening in the wake of last week's U.S. Federal Reserve meeting. Local COVID case matters continue to fade into the background when it comes to market impact.

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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