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Offshore Events In The Driving Seat On Monday

AUSSIE BONDS

Cheapening in the U.S. Tsy space pressured futures in the final overnight session of last week, leaving YM -7.0 and XM -4.0 come the close of post-Sydney dealing. Although the bear flattening in the local curve was notable.

  • Positive developments re: the wind back of some of the COVID lockdown provisions in both NSW & Melbourne are expected in the coming days after weekend comments from the respective regional governments.
  • RBA's Heath will make comments on an online panel on Monday, but it will be Chinese GDP data that has the most impact on the space during the session. Participants will also look to the latest batch of NZ CPI data (due in ~15 minutes) for a potential source of Trans-Tasman impetus.
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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