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NSW Holiday Continues To Constrain Activity

AUSSIE BONDS

Thinner market conditions owing to the NSW holiday continue to limit broader activity, and also the willingness/ability of futures to generate a meaningful/lasting bid, even as U.S. Tsys firm. That leaves YM and XM unchanged at typing. A reminder that NSW COVID cases ticked back from yesterday's joint-record levels, but still printed above the 200 mark. Elsewhere, as we highlighted earlier, SE Queensland will see the lockdown in play there extended until 16:00 Sunday.

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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