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The space trades heavy vs. settlement on the back of the impetus seen in the U.S. Tsy market on Friday. That leaves YM at unchanged levels and XM -5.5, as the latter extends on its overnight weakness, with the lower liquidity backdrop and impending ACGB supply leaving little to counter the move in early Sydney trade.
- A$400mn worth of ACGB 2.75% 21 May 2041 supply and the usual round of scheduled RBA ACGB purchases headline the local docket on Monday.