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Curve a touch flatter, taking the......>

AUSSIE BONDS
AUSSIE BONDS: Curve a touch flatter, taking the lead from the U.S. Tsy space, as
XM extends through its overnight high. Also worth re-flagging that there is
nothing in the way of notable month-end extension flow expected for the space
(see earlier bullets)
- YM unchanged, XM +2.5.
- 10s continue to lag their U.S. equivalent, with the AU/U.S. 10-Year yield
spread back above 30bp.
- Bills sit unchanged to 1 tick lower through the reds.
- Market source highlights "ongoing receive side flows in the belly of the curve
remain."
- Q1 CPI headlines the local docket today, but that is largely being viewed as
pre-COVID relic.
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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