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Marginally Firmer On Better Than Expected Budget

AUSSIE BONDS

YM & XM look through their respective early Sydney peaks on a round of comments from Australian Treasurer Chalmers, after he noted that the 21/22 budget deficit for Australia will show a ~A$50bn improvement vs. what was seen in the March forecasts. Cash ACGBs run 0.5-3.5bp richer across the curve, with the long end leading the richening.

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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