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Tight Session, COVID Outlook Varies State-To-State

AUSSIE BONDS

YM unch., XM -2.0 after the latter had a look at its overnight low in early Sydney dealing before recovering a little.

  • NSW saw another uptick in new COVID cases today (172).
  • On a more positive note, Victoria has wound back the harshest of its COVID restrictions. The state also declared that it is set to enforce a hard border with the state of NSW. Meanwhile, South Australia confirmed that it is moving out of its own lockdown, although the state Premier stressed that significant restrictions will remain.
  • Chinese equity market gyrations will now be eyed for the remainder of the Asia-Pac session.
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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