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Marginally Firmer Overnight, COVID Matters & GDP Partials Eyed

AUSSIE BONDS

Aussie bond futures pared their pre-Powell losses in the final post-Sydney session of last week, with the spill over from the Fed Chair's comments supporting the space. That left YM +0.5 and XM +1.0 come the bell.

  • Weekend news flow saw New South Wales record another record round of daily COVID cases (1,218), while the Premier of Victoria noted there will be an extension of the state's lockdown measures, with more details set to come this week.
  • GDP partials continue to headline the local docket, with company profits and inventories due to hit on Monday. Elsewhere, we will see the latest round of scheduled ACGB purchases from the RBA.
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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