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Flatter, Lowe & Semi Dynamic Eyed


The curve is flatter vs. Tuesday's settlement levels, with markets continuing to exhibit their skittish tendencies, as eyes drifted back towards the swelling COVID-19 case count in the U.S. & subsequent state level mitigation measures on Tuesday. Soft U.S. retail sales data was also seen. YM +1.0, XM +6.0 at typing.

  • Closer to home, the AFR has reported that "Treasurer Josh Frydenberg will reprimand the major financial regulators for hampering the recovery from the COVID-induced recession with overzealous intervention in policymaking."
  • Semi spread dynamics will also be eyed on Wednesday, after NSW's larger borrowing requirements weighed on the broader semi space on Tuesday.
  • RBA Governor Lowe will appear on a panel at The Australian's Strategic Forum from 10.40 AEDT (23:40 London), with the Q3 wage price index reading also due.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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