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Little to really report on for the.....>

BOND SUMMARY: Little to really report on for the core global FI space in Asia
hours, with a Japanese market holiday limiting liquidity. T-Notes hold a 0-02
tick range in early trade, last trading +0-00+ at 129-03. Price action and flow
has been extremely limited thus far, with a lack of reaction to weekend
developments (which although high in news flow volume, did little to move the
needle re: broader sentiment). A reminder that cash Tsys will remain closed in
Asia-Pac hours owing to a Japanese holiday. Limited/no reaction to a dip in gold
& USD/Asia crosses was seen.
- Aussie bond futures ticked higher into a very ordinary auction of the 2.75% 21
Nov 2029 ACGB, but have struggled for any real follow through above their SYCOM
highs. YM +1.5, XM +4.5 at typing. Yield curve has bull flattened. Bills sit
unch. to +2 ticks through the reds. The latest opinion polls have suggested that
PM Morrison's handling of the bushfire crisis has not been well received by the
Australian public, with his personal approval diving and the Labour Party moving
into the lead vs. the ruling coalition. RBA & bushfire matters remain front and
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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