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- Local rates kick the day off on the front foot with 10-30Y yields -1.5-2bp lower in early trading.
- Yesterday's session saw choppy price action in SAGBs post-US CPI, but managed to end the day mostly lower across the board.
- 10-30Y yields seemingly on better footing this morning, hovering around the 38.2% fib of the recent 03-10 Aug range – possibly looking for a move lower towards the 50 & 61.8% levels below.