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Firming Further

AUSSIE BONDS

The squeeze higher, driven by offshore dynamics (as has been the case in recent sessions/weeks), continues as we move through Sydney trade, leaving YM +15.0 & XM +10.0. Bills run 8-15 ticks firmer through the reds as a result. Note that the 3-/10-Year EFP box has twist flattened. Local headline flow remains limited, post-Budget & AOFM issuance intentions.

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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