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Holding Early Gains

AUSSIE BONDS

Futures have failed to work their way out of the ranges established early on in Sydney trade, with YM +1.5 and XM +6.0. The latter has struggled to extend through the recent highs, but bulls seemingly remain in control there. Headline flow remains light, with a decent pipeline of A$ issuance building (particular focus has fallen on sustainability/social bonds, with onshore and offshore names active there). Participants await the latest round of Chinese trade data.

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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