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Light Bid On Externalities

AUSSIE BONDS

A very light bid has crept into Aussie bond futures early this week, with the realisation and potential for further widening of COVID-related lockdowns in some European countries, as well as U.S. Senator Manchin’s decision to roadblock President Biden’s Build Back Better scheme supporting the space early on. That leaves YM +1.0 & XM +0.5 at typing.

  • Domestically, there has been some calls for the reimposition of firmer mask wearing rules and QR code usage from some quarters in the wake of the global Omicron outbreak, but Federal Health Minister Hunt has pointed to a “very different set of circumstances” in play in Australia vs. global counterparts, flagging high vaccination rates and the impending summer season. Elsewhere, the NSW Premier also sounded fairly relaxed re: the COVID situation, given the high vaccination rate in the state.
  • The latest round of scheduled RBA ACGB purchases headlines a thin local agenda on Monday.
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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