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AUSSIE BONDS

The RBA's scheduled resumption of ACGB purchases (which met broader expectations in terms of size) and the bounce from lows in U.S.Tsys/light pressure on e-minis has supported the space, with YM +0.5 and XM +1.5 at typing, as the latter grinds towards its overnight session highs. Participants looked through the latest round of final retail sales data. Cash trade sees the ACGB curve sit flatter with swap spreads tightening a little across most of the curve.

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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