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Softer & Flatter, Lower Tier Data Due, Cash Flows Eyed

AUSSIE BONDS

The bear flattening impulse in the U.S. Tsy space spilled into Aussie bond futures in post-settlement dealing, leaving YM -6.0 & XM -4.5 in early Sydney trade, a touch above their respective overnight lows.

  • In terms of the domestic docket, the latest weekly ANZ-Roy Morgan consumer confidence reading and Westpac leading index print will cross on Wednesday.
  • One other matter to be aware of in coming sessions will be the potential re-deployment of ACGB coupons, with ~A$4.9bn of ACGB coupons being paid yesterday. Elsewhere, the maturity of A$7.0bn of the 22 April ’22 note may impact the shorter end of the curve intraday in the coming sessions.
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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