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Long positioning on the back of the prospect of imminent RBA easing is likely adding to the pressure in the space today, as some of the weaker longs fold on the downtick that has been driven by the U.S. Tsy market, with YM -0.5 and XM -5.0 as we type. There is little else to really note for the space today, outside of the all-time low in the 3-month BBSW fixing that we flagged earlier.