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Local Support Vs. Offshore Weight

AUSSIE BONDS

The lingering feel from yesterday's Sydney session and a solid ACGB Nov '24 auction supported the space in the first half of the Sydney session, as did comments from Westpac chief economist Bill Evans, who noted that the "RBA Governor looks almost certain to cut rates on November 3," stressing that "we can expect policy to remain stimulatory for even longer." YM unchanged at typing, with XM +1.5, back from the early highs, as the latter sits well shy of its SYCOM peak, owing to gyrations in the U.S. Tsy market.

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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