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Early Vol. Observed In YM

AUSSIE BONDS

Volatility evident in YM in early Sydney trade, with the contract initially printing 8.0 above late overnight levels before ticking back to overnight lows. YM -8.5 & XM +3.5 at typing, with plenty of complaints re: thinner liquidity evident. As mentioned earlier, today will be all about the RBA's choices re: the enforcement of its YCT mechanism.

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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