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Futures had a very brief and limited show below their respective overnight lows in early Sydney trade, but seem to be drawing support from the local COVID situation and/or well-documented speculation re: the potential for the RBA to renege on its previously outlined tapering plans before they even get underway. That leaves YM -0.5 and XM -1.0 at typing. Cash ACGB trade has seen some bear steepening, with longer dated paper running ~4.5bp cheaper on the day.