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Aussie bond futures were limited on....>

AUSSIE BONDS
AUSSIE BONDS: Aussie bond futures were limited on Monday, with YM -0.5 and XM
+1.0. The latest ACGB '22 auction was well received, with broader focus on the
fallout from Friday's Treasury announcement re: the JobKeeper scheme, which
triggered various ACGB flattener recommendations from the sell side, with the
space biased that way in early dealing this week, with twist flattening
evident.e
- Weekend news flow focused on the political fallout of the JobKeeper errors, in
addition to the continued, gradual rollback of COVID-19 restrictions in NSW and
Victoria.
- Elsewhere, a weekend interview saw U.S. Secretary of State Pompeo warn that
the U.S. could "simply disconnect" from Australia if Victoria's trade deal with
Beijing affects U.S. telecommunications.
- Bills sit unchanged to 1 tick lower through the reds.
- Large month-end extensions for ACGBs are eyed.
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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