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Some Local Risk, Modest Month-End Extension Seen

AUSSIE BONDS

Futures print at virtually unchanged levels in early Sydney dealing after the intraday recovery in longer dated U.S. Tsys allowed XM to unwind early losses during the overnight session. Still, Aussie 10s underperformed on the move, with the AU/U.S. 10-Year yield spread widening by ~3.5bp vs. yesterday's closing levels as of typing.

  • A reminder that month-end index extensions for the local bond space have been deemed modest by most.
  • A$2.0bn of ACGB 1.00% 21 November 2031 supply, private sector credit and building approvals data headline locally on Wednesday.
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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