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Firmer On Wider Impetus

AUSSIE BONDS

Aussie bonds firmed on the broader core FI bid, resulting in bull flattening of the curve, with YM unchanged and XM +4.0 at the bell. Swap rates finished unchanged to lower, while spreads were generally a little wider vs. ACGBs across the curve, with the widening most pronounced in the long end.

  • In local news, The Australian covered comments from a Chinese embassy official who accused Australia of 'weaponising the concept of 'national security,' with the comments surrounding a failed A$300mn Chinese bid for an Australian construction company, which was scuppered by Australian Treasurer Frydenberg.
  • Surplus E/S balances lodged at the RBA recorded another fresh all-time high.
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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