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Cross-Market Matters At The Fore

AUSSIE BONDS

The previously outlined flush lower in U.S. Tsys has resulted in some cheapening pressure for the ACGB space after a limited start to the Sydney week. Domestic headline flow has been light since the re-open, leaving cross-market matters at the fore. YM deals -0.5 at typing, with XM -2.5. Meanwhile, cash ACGB trade sees the major benchmarks running little changed to 3.5bp cheaper, with the long end leading the cheapening. EFPs are marginally wider on the session. Bills have reversed their overnight/early Sydney gains, and last trade flat to -3 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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