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Steeper On Broader Flow

AUSSIE BONDS

Aussie Bonds saw little of note on the domestic front, with the curve steepening in Sydney hours on the back of the broader risk impulse (namely driven by U.S. Tsys and e-minis that we have discussed elsewhere). This left YM unch., XM -3.0 at the closing bell. Swaps tightened from 7-Years out.

  • Some local focus fell on pre-RBA positioning, as some participants pointed to the light uptick in the AU/U.S. 10-Year yield spread in recent sessions.
  • Tomorrow's points of interest include local private sector credit data, A$2.0bn of ACGB 1.50% 21 June 2031 supply and the release of the AOFM's weekly issuance schedule.
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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