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Futures A Little Above Overnight Lows As Sydney Reacts To NFPs

AUSSIE BONDS

Cross-market spill over from the U.S. NFP print drove bearish flattening of Aussie bond futures in post-Sydney dealing ahead of the weekend, with YM & XM hovering a little above their overnight session lows shortly after the Sydney open as domestic participants apply some early selling pressure. YM -15.5 & XM -14.0, respectively, while the IR strip runs 8-15bp cheaper through the reds.

  • A$300mn of ACGB Apr-37 supply headlines domestic matters on Monday, with plenty of wider weekend news flow to digest.
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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