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A Little Heavy Early On

AUSSIE BONDS

Local participants are seemingly happy to shed longer dated exposure ahead of the elongated weekend in both the U.S. & UK, given the Gilt-driven weakness in broader core global FI after the Sydney close. There may also be an element of trepidation ahead of the latest U.S. PCE report, which is due for release on Friday. YM -1.0, XM -5.0, with the latter looking through its overnight lows.

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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