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AUSSIE BONDS

The long end of the cash curve has backed off firmest levels of the day but has outperformed as participants look to Thursday's U.S. Tsy market dynamic. Elsewhere, continued focus falls on the negative net supply picture promoted by RBA ACGB purchases, while the AOFM issuance hiatus until calendar '21 provides further fuel to that fire (albeit with some semi-government bond issuance sprinkled in thus far). YM -0.8, XM unch.

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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