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Flat To Start CPI Week, Familiar Risks Apparent Over The Weekend

AUSSIE BONDS

A fairly flat reopen for futures, with YM -1.0 and XM -0.5, after the contracts generally stuck to Friday's Sydney ranges during the final overnight session of last week.

  • On the local COVID front, Perth entered a snap 3-day lockdown from midnight Friday after it became apparent that an individual, who tested positive for COVID, spent 5 days in the community while infectious after leaving a hotel quarantine environment.
  • Elsewhere, Sino-Aussie tensions continue to garner attention, with a weekend article in the Global Times noting that "Chinese fruit industry insiders and sources confirmed on Sunday that Australian grapes and other fruits are facing inspections and delays at some ports."
  • The local docket is empty on Monday, with the local Q1 CPI reading, due Wednesday, set to dominate locally this week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets

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