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Local Matters Outweighed By Broader Flows

AUSSIE BONDS

YM -1.0, XM -4.5. Dynamics seen in the Tsy market have resulted in steepening in Aussie bond futures, even with cash markets being closed owing to the NSW state holiday.

  • Deeper lockdown restrictions in Melbourne/Victoria provided a light bid in early trade, with a nightly curfew now in play in Australia's second largest city, before the broader market themes weighed.• Minimal impetus from local data that confirmed already acknowledged themes.
  • The latest RBA monetary policy decision, retail sales and monthly trade data headline locally on Tuesday.
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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