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The curve sits a little flatter in early Sydney trade, driven by the bull flattening that was seen in U.S. Tsys during Friday's NY session, with YM +0.5 and XM +2.0, as the bid that was apparent during the second half of Friday's overnight trade extends.
- The local docket is quiet today, with the only point of note being the RBA's latest round of ACGB purchases, which will leave participants looking to Chinese GDP data as the major fundamental input during Asia-Pac hours.