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Tight Monday

AUSSIE BONDS

Mixed local data did little to move the needle for Aussie bonds, while broader macro headline flow remained light, making for a rangebound start to this week's Sydney trade as participants look to a busy local docket over the coming days. YM finished -0.5, with XM +0.5. Swap spreads edged wider across most of the curve.

  • Monday also heralded the first 5-Year bond future daytime session (BBG code VTA), which holds a March '21 expiry. The underlying bond basket for that contract is comprised of ACGB Nov '25, Apr '26, Sep '26 & Apr '27.
  • Elsewhere, Sino-Aussie tensions continued to boil with a focus on the ongoing dispute surrounding Australian wine exports and a doctored image of alleged Australian war crimes in Afghanistan shared on social media.
  • Also on the local front, a breach of COVID-19 quarantine by one individual in Adelaide has triggered calls for increased testing in the surrounding area.
  • Bills finished unchanged through the reds.
The latest RBA decision and Q3 GDP partials headline locally 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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