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Steeper On Offshore Drivers

AUSSIE BONDS

The curve is noticeably steeper vs. settlement levels, given the overnight gyrations in U.S. Tsys/COVID-19 vaccine news, with YM -1.0 and XM -11.0, although the latter sits off worst levels after the S&P 500 pulled back from best levels on Monday.

  • Bills sit unchanged to -3 through the reds.
  • Locally, the ANZ-Roy Morgan weekly consumer confidence print moved back above the neutral 100 level for the first time since the country was gripped by the pandemic. Elsewhere, NAB business confidence data is due. We will also see the latest round of I/L supply from the AOFM.
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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