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Broader risk dynamics leave the........>

AUSSIE BONDS
AUSSIE BONDS: Broader risk dynamics leave the curve flatter in early Sydney
trade, with YM unchanged and XM +2.0, pushing YM/XM back below 70.0.
- As flagged earlier, we have seen indications that the bookbuild for the ACGB
Dec '30 syndication, due to price today, has topped A$52bn, which could also be
providing further support to the longer end.
- Bills sit unchanged to -1.0 through the reds.
- The aforementioned pricing of the ACGB Dec '30 syndication will headline the
local docket today, with the monthly Westpac consumer confidence reading and
outdated Q1 wage price index also due.
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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