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Ticking Higher

AUSSIE BONDS

Aussie bond futures have ticked higher since the re-open, with YM & XM both +3.5 at typing. Desks have presented the following matters as potential drivers: Momentum from the late Friday U.S. Tsy-driven bid, residual geopolitical risk surrounding Russia & the potential for some short covering ahead of tomorrow’s key RBA decision. Cash ACGB trade has seen a parallel 3.0-3.5bp richening from the 2-Year maturity all the way out to 30s.

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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