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US-CHINA

Biden Commits To Taiwan Defence, Beijing Pushes Back

DATA REACT

EURUSD to high of the day but limited FI reaction

DATA REACT

EURUSD to high of the day but limited FI reaction

GERMAN DATA

PMI: "Unprecedented" rise in output prices

Flatter Again

AUSSIE BONDS

Futures were a touch flatter overnight, in sympathy with the move seen in U.S. Tsys, leaving YM unchanged and XM +1.5 in early Sydney dealing, in line with late overnight session levels.

  • Tuesday's local docket is headlined by ABS payrolls and preliminary trade balance data. The weekly ANZ-Roy Morgan consumer confidence reading will also cross. A$150mn of 1.25% 21 August 2040 I/L AOFM supply is also due.
  • A reminder that SAFA's tap (up to A$500mn) of its May '32 line is set to price today, which could weigh on XM around the time of pricing.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com