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A very limited session so far, core....>

BOND SUMMARY
BOND SUMMARY: A very limited session so far, core FI show little reaction to
weekend news coverage. Geopolitical events of note included Iran's admission of
guilt re: shooting down a Ukrainian jet, some hawkish rhetoric from North Korea,
and the re-election of Taiwan's pro-independence President. Markets in Japan are
closed for a national holiday today. T-Notes are range-bound and last trade flat
at 129-02+. Eurodollars last seen unchanged to -0.5 tick through the reds.
- Aussie bond futures ticked higher into a very ordinary auction of the 2.75% 21
Nov 2029 ACGB. YM +1.5 (off highs), XM +4.5 at typing. Yield curve has bull
flattened. Bills sit unch. to +1 tick through the reds. The latest opinion polls
have suggested that PM Morrison's handling of the bushfire crisis has not been
well received by the Australian public.

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