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Futures hold steeper in early Sydney trade, with YM -1.5 and XM -3.5 at typing, as the cash curve plays catch up to the moves on SYCOM that were largely driven by fiscal matters in the U.S. and broader month-end flows. Still, XM sits off its SYCOM lows, after U.S. Tsys recovered from cheaps on Wednesday.
- EFPS are mostly tighter on the day.
- Bills sit unchanged to -2 through the reds.
- Lower tier data is evident on the local docket today.