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Futures Respect Overnight Lows, Cheapening Holds

AUSSIE BONDS

Aussie bond futures have respected the lower boundaries observed in the final overnight session of last week, with YM -3.0 and XM -6.0, a little off worst levels. Meanwhile, the cash ACGB curve played catch up to the overnight cheapening/early bias lower in Sydney futures trade, with the major benchmarks running 3-5bp cheaper at typing. EFPs have continued their recent push wider this morning. Bills run 4-8bp cheaper through the reds. There hasn’t been much in the way of meaningful domestic idiosyncracies to trade off of as of yet.

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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