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The impetus from U.S. Tsys, coupled....>

AUSSIE BONDS
AUSSIE BONDS: The impetus from U.S. Tsys, coupled with the fading of the
hedging/supply pressure around yesterday's monster ACGB '30 syndication leaves
the curve flatter in early Sydney trade, with XM through the SYCOM highs.
- YM +1.0, XM +6.0 at typing, as the curve retreats further from the recent
steeps.
- Bills run unchanged to +3 through the reds as the strip flattens.
- Labour market data headlines the local docket today, with a dismal reading
expected (see earlier preview for some colour).
- Elsewhere, participants will be interested to see if the RBA decides to
purchase bonds today, after skipping bond buying operations on 3 consecutive
eligible 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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