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Little Changed Overnight, Wider Inputs Eyed

AUSSIE BONDS

Aussie bond futures were little changed come the end of a fairly contained overnight session, with recession worry in Europe, soft regional data releases out of the U.S. and a modest round of cheapening for U.S. Tsys providing a net neutral round of inputs for the space.

  • That leaves YM at -0.5 shortly after the re-open, while XM prints +1.0, virtually in line with late overnight levels.
  • Bills run flat to 6bp cheaper through the reds, bear flattening in the process.
  • When it comes to today’s domestic docket it is only really the weekly ANZ-Roy Morgan consumer confidence reading that will generate some background interest, meaning that wider headline flow and cross-market dynamics will be at the fore.
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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