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Offshore Drivers Dominated, Latest ACGB Supply Due


The futures curve has steepened a touch since the re-open, unwinding a little of the post-Sydney flattening observed ahead of the weekend, with U.S. Tsy gyrations largely in the driving seat since Friday’s settlement. That leaves YM +0.5, while XM is +3.0.

  • A$400mn of ACGB Jun-39 supply headlines the local docket on Monday, with little in the way of notable data releases due during the Asia-Pac session. Note that the latest round of LPR fixings out of China may provide some impetus for the space.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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