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AUSSIE BONDS: Space edges back from best levels, with the initial bout of
risk-off flows running their course, for now. YM +2.5, XM +3.0.
- Flattening impetus remains evident in cash trade.
- Source highlights Sydney flows have seen interest in RBA OIS flatteners, as
well as longer-end IRS curve flatteners via 20s.
- Bills sit unchanged to 3.0 ticks higher through the reds.