MNI: UK FINAL NOV SRVCS PMI 50.8 (FLASH 50.0); OCT 52.0

MNI: EUROZONE FINAL NOV SRVCS PMI 49.5 (FLASH 49.2); OCT 51.6

MNI: GERMANY FINAL NOV SRVCS PMI 49.3 (FLASH 49.4); OCT 51.6

MNI BRIEF: China Must Quicken Reforms To Boost Domestic Demand

MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Weds; -1.91% Y/Y

MNI: FRANCE FINAL NOV SRVCS PMI 46.9 (FLASH 45.7); OCT 49.2

MNI: ITALY NOV SRVCS PMI 49.2 (FCAST 50.8); OCT 52.4

MNI: SPAIN NOV SRVCS PMI 53.1 (FCAST 53.3); OCT 54.9

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Notable Pressure To Start The Week

AUSSIE BONDS

Aussie bonds were no exception to the broader reflation theme witnessed during Asia-Pac hours, YM finished -0.5, XM -10.0.

  • The latest round of ACGB '41 supply from the AOFM saw a sub 3.00x cover ratio, as the average yield only printed ~0.1bp through mids, while the supply saw a wider tail vs. the last time the bond was tapped via auction (which was back in '19).
  • It would seem that the COVID situation in Victoria remains under control, in the grander scheme of things, with the state lockdown ongoing there.
  • Tomorrow's local docket is headlined by the minutes from the most recent RBA monetary policy decision, although the subsequent deluge of rhetoric from RBA Governor Lowe has limited the chances of any meaningful surprise. Elsewhere, the latest round of ABS payrolls data is due.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets

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