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Steeper To Start

AUSSIE BONDS

The curve runs steeper in early Sydney trade after U.S. Tsys traded lower on Monday, with the 10-15 Year zone of the ACGB curve underperforming and swaps tightening to ACGBs. YM -0.5 and XM -3.0 at typing. Local news flow remains light, while the Australian economic docket has no notable releases slated for Tuesday, which will likely leave broader headline flow and market themes in the driving seat during Tuesday's session.

  • Bills are virtually unchanged through the reds.
  • We should also flag that surplus E/S balances lodged at the RBA have topped the A$100bn mark for the first time in recent days.
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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