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U.S. Tech Sets The Tone Early On, Overnight Losses Mostly Hold

AUSSIE BONDS

Weakness in U.S. Tsys (fleshed out earlier) allowed the Aussie bond futures curve to bear flatten in post-Sydney dealing. The previously outlined earnings-related weakness in U.S. e-minis observed since the Asia-Pac re-open initially allowed the contracts to pare some of their overnight losses, although the shallow moves haven’t held, leaving YM -2.5 & XM -0.5 at typing. Bills run unchanged to 4bp cheaper through the reds.

  • Flash S&P global PMI data, weekly ANZ-Roy Morgan consumer confidence and A$150mn of Nov-32 I/L supply from the AOFM highlight domestically on Tuesday. NZ retail sales is also due across the Tasman.
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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