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Rangebound To Start


Aussie bond futures continue to oscillate around late overnight session levels, with any forays lower seemingly limited by the richening observed in JGBs ahead of the latest round of (pre-announced) BoJ purchase operations. That leaves YM -1.0 & XM -1.5 vs. their respective settlement levels, while wider cash ACGBs sit 1-2bp cheaper across the curve. EFPs are within 0.5bp of their respective Friday closing levels.

  • Domestically, we have seen a steady Y/Y Melbourne Institute inflation reading, printing +5.9%, alongside a notable moderation in the M/M print, which moved to +0.2% from +1.0% in Nov.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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