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Recovering From Worst Levels

AUSSIE BONDS

The complex has managed to shake off the previously flagged drivers of early weakness and was already recovering by the time the AOFM revealed a particularly light weekly issuance slate (see earlier bullet for full details), which provided some further momentum to the bid. There may have also been some trans-Tasman impetus around the time of the release of the AOFM's weekly issuance schedule, as the RBNZ lifted its NZGB LSAP purchase target for next week. YM +0.5, XM -6.0 at typing.

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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