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A Touch Softer Overnight, RBA ACGB Purchases Due

AUSSIE BONDS

The impetus from the U.S. Tsy space applied some modest pressure to Aussie bond futures in the final overnight trading session of last week, with YM -0.5 and XM -2.0 as a result.

  • Locally, Melbourne vaccine/lockdown-related protests stole the headlines over the weekend, while the city noted that it plans to exit its latest lockdown once 70% of Victoria state is fully vaccinated. The state Premier noted that limits on "reasons to leave home and the curfew will no longer be in place" once that target is met. Expectations are for that milestone to be hit in late October.
  • Elsewhere, fallout from last week's U.S.-UK-Australia trilateral pact remain apparent, with France at the fore, as relations sour and slight signs of worry surrounding broader trade pacts including Australia become evident.
  • Monday's local docket is headlined by the latest round of scheduled RBA ACGB purchases.
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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