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Steeper Start To The Week

AUSSIE BONDS

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.
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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