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ANZ Stopped Out Of Long XM Position


ANZ note that they have been "stopped out of our long 10y ACGB futures trade at 99.10. The trade was entered in late August. Our intent is to re-enter the trade somewhere around 99.00 should we get the opportunity. It is possible that the combination we expect on Tuesday, of no move by the RBA and a large fiscal deficit, pushes the market in this direction."

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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