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Recovery From Lows, Lowe Eyed

AUSSIE BONDS

Aussie bonds managed to unwind most of the overnight/early Sydney pressure, even with a relatively heavy round of A$ corporate issuance outlined (targeting the belly of the curve). Still, the long end saw some lingering underperformance given the fairly linear recovery in the space, leaving YM +1.7, XM -0.9 at the close, with YM roll dynamics perhaps supporting the former a little more than otherwise would have been the case.

  • A reminder that RBA Governor Lowe will speak on Wednesday. The address is titled "The Recovery, Investment and Monetary Policy." Elsewhere, A$1.0bn of ACGB 1.00% 21 November 2031 supply is due.
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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