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AUSSIE BONDS

Aussie bond futures were little changed to a touch higher in Sydney dealing, with the cash curve playing catch up to the flattening witnessed in the final overnight session of last week, as longer dated ACGBs richened by ~4.0bp. YM +0.5, XM +3.5. A lack of local input was evident in early dealing this week, although the A$ IG issuance pipeline is building. Focus falls on this week's major domestic risk events, namely the RBA's May meeting minutes (Tuesday) and the local labour market report (Thursday).

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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