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Marginally Richer Start


Cash tsys have opened dealing 0.5-1bp richer across the major benchmarks, the curve has marginally steepened. Asia-Pac participants have faded Monday’s cheapening perhaps using the opportunity to exit short positions/enter fresh long positions. TYM3 deals at 114-18+, +0-02+, at the top of the narrow 0-02 range.

  • The RBA's monetary policy decision is the highlight in todays Asian session, the bank is expected to hold the cash rate at 3.60%.

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