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Futures Close Opening Gap Lower

AUSSIE BONDS

ACGBs have returned from early Sydney cheaps, mimicking action in the broader core FI space. That leaves YM -0.5 and XM at unchanged levels, with the respective opening gaps lower in each contract now closed. Cash ACGBs have twist steepened, with the major benchmarks running within -/+0.5bp of closing levels. Local & broader macro news flow remains limited.

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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