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AUSSIE BONDS: VIEW: Goldman Sachs note that the "Aussie curves have retraced
some of the flattening that followed the news that the Treasury and Australian
Tax Office revised its projected cost of the 'JobKeeper' wage subsidy lower by
$60bn. We suspect the excess $60bn that was authorized may be used for other
purposes, rather than not issued at all, and expect the yield curve will retain
a steepening bias in the coming weeks."