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T-Notes trade defensively in post-FOMC Asia-Pac dealing, albeit within a tight range, last -0-02 at 137-26+, while cash trade has seen some bear steepening, as 30s run 1.8bp cheaper on the day. There may be some spill over from Aussie bonds on the back of the stronger than expected Australian labour market report, but there has been little to drive the space in terms of broader macro headlines during Asia-Pac hours.

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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