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Support From Broader Flows

AUSSIE BONDS

The futures curve has flattened since Sydney settlement with markets looking to the short- to medium-term impact of the COVID-19 situation in the Northern hemisphere, while softer oil prices stemming from OPEC+ squabbling (with Russia looking to lift the group's permitted crude output in February) added another layer of support for the broader global core FI space.

  • The continued political unrest in the U.S. ahead of the Senate run-off elections in the state of Georgia provided another unsettling factor for markets.
  • YM +0.5, with XM +4.0, as the latter trades back above 99.00 i.e. with an implied yield of below 1.00%.
  • Locally, ANZ job ads data is due for release later on Tuesday.
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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