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Futures Twist Flatten Further

AUSSIE BONDS

The light twist flattening of the curve witnessed overnight has extended a little in early Sydney trade, leaving YM -2.0 and XM +2.0. Cash ACGB trade sees a similar pattern, with the curve pivoting around the 5-Year point, while the longer end of the curve has richened by ~4.5bp this morning. Local news flow remains light.

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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