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Off Overnight Lows

AUSSIE BONDS

Aussie bond futures recovered from worst levels of the post-Sydney session alongside the wider core global FI space (see earlier bullets for more colour on the drivers of wider core FI markets since the Sydney close), with a continued uptick seen in early Sydney trade,

  • That leaves YM +2.5 and XM +0.5 shortly after the Sydney re-open
  • Bills run unch. to 7bp richer through the reds, bull flattening.
  • Building approvals data headlines the domestic docket on Tuesday, although participants will likely be more focused on the upcoming German CPI data and latest rounds of ECB & Fed speak.
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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