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AUSSIE BONDS

YM +4.0, XM +9.5 at typing, with the former having a brief and limited look above the overnight high before pulling back, while the latter has been limited by its overnight peak thus far.

  • A quick look at the open interest data points to fresh shorts driving the YM weakness during Tuesday's session, although around 3/4s of yesterday's peak to trough move in the contract has now been unwound.
  • ACGB Jun '31 supply is due at the top of the hour.
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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