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Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High


'Big Tech' Bill Goes To Senate


Oil Up For Fifth Week On Supply Disruption, Geopolitics

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Cash ACGBs twist flatten early on, with paper out to 2s marginally cheaper, on the back of a similar dynamic in U.S. Tsys on Monday. YM prints +0.5 with XM +2.0 at typing, in line with late overnight levels after a modest uptick at the Sydney re-open faded.

  • Q3 GDP partial data headlines the local economic docket on Tuesday (ahead of Wednesday’s GDP print), with current a/c data due. Elsewhere, building approvals and private sector credit will hit. Comments from RBA Deputy Governor Debelle, on the “The Indigenous Economy in Australia and the Reserve Bank of Australia,” failed to provide anything in the way of meaningful interest for markets. Debelle will also speak in the Sydney afternoon (02:00 London/13:00 Sydney), as he gives a fireside chat at the Australia Conference.