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Unwinding Overnight Weakness

AUSSIE BONDS

YM and XM both print +0.5 vs. Friday's settlement in early Sydney trade, with the latter unwinding overnight session losses on the back of the defensive start to the week surrounding the UK COVID/Brexit situation, as well as broadening COVID-19 mitigation measures employed in Sydney.

  • The space has looked through the seemingly impending passage of a fiscal support package in the U.S.
  • The broader risk tone will likely drive the space in early dealing this week, with little of note on the local docket on Monday.
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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