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Cheaper On Move In U.S. Tsys

AUSSIE BONDS

The wider impetus is prevailing when it comes to Aussie bond futures, leaving YM -4.5 and XM -7.5, as the weakness in core FI markets extends after the resumption of U.S. cash Tsy trade in the wake of the elongated weekend. The bear steepening observed in the wider ACGB curve sees a fairly parallel ~8.0bp cheapening shift in the 10+-Year zone. EFPs are wider, with the 3-/10-Year box bull flattening. Bills run 1-6bp cheaper on the day through the reds.

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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