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Holding Steeper

AUSSIE BONDS

Steepening remains at the fore today, with YM -1.0 and XM -7.0, as the latter threatens a clean break through its SYCOM lows. A lack of RBA purchases has been noted, although there was little in the way of expectations re: such a move. Elsewhere, the latest round of ACGB '29 supply was well received. Corporate supply announcements have been steady.

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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