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AUSSIE BONDS

YM & XM hold to tight ranges thus far, with the former -1.5 and the latter -1.0. Cash ACGB trade has seen some modest steepening as a result, with the longer end of the curve running ~2.0bp cheaper on the day at typing. The latest round of daily COVID case counts out of NSW & Victoria saw a slight moderation, but the numbers remain elevated (the NSW Premier has pointed to some form of additional freedom for those that are double vaccinated, with an announcement on the matter set to come towards the end of this week). Participants are still on the lookout for the pricing of the syndication of the new 0.25% 21 November 2032 Treasury Indexed Bond from the AOFM

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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