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Following Broader Risk Appetite Ahead Of Labour Market Data

AUSSIE BONDS

Aussie bond futures trade back from their early Sydney peaks, once again marching to the broader beat when it comes to risk appetite, with a lack of idiosyncratic factors to trade off as participants await the latest domestic labour market report. YM traded through its overnight peak before backing away from best levels, while XM failed to breach its own overnight high. YM last deals +7.0, with XM +10.5. Longer dated cash ACGBS lead the richening on the wider curve, sitting ~11.5bp better off at typing. EFPs are incrementally wider on the day.

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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