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A relatively quiet start to Sydney.....>

AUSSIE BONDS
AUSSIE BONDS: A relatively quiet start to Sydney trade for the space, with XM
well within the range witnessed on SYCOM. Both YM and XM sit -0.5 on the day
after YM/XM pulled back from steeps in SYCOM dealing.
- Worth noting that Australian Trade, Tourism and Investment Minister Birmingham
has told the AFR that "it's sadly very unlikely that our health crisis is likely
to facilitate an opening to international travel this year."
- Little else to note in terms of local matters, with the Westpac leading index
and A$2.0bn worth of ACGB 1.25% 21 May 2032 due today.
- Bills sit unchanged to +1 through the reds.
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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