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Short-Term Trendline Resistance Topped


CAD Rates See Modest Outperformance To US

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Bull Steepening Takes Over


The early Sydney bid has extended, with the RBA sanguine re: the domestic inflation outlook, in spite of the global inflationary pressures in play at present. This has allowed YM to push higher, now trading +6.0 on the day, while XM is +2.5, as bull steepening comes to the fore.

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

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