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Steeper On Biden, AOFM Eyed

AUSSIE BONDS

Speculation surrounding and the ultimately delivery of U.S. President-elect Biden's COVID support package has resulted in steepening of the curve, with YM unchanged and XM -3.5, after the latter extended on its overnight weakness in early Sydney trade. The curve has bear steepened with swaps flat to narrower vs. ACGBs across the curve.

  • The AOFM's funding update/next week's issuance task provide the local highlights on Friday. Domestic housing finance data is also due.
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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