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Will Local COVID Matters Impact Markets?

AUSSIE BONDS

The movement in the U.S. Tsy curve dragged futures steeper in the final overnight session of last week, YM -1.0 and XM -4.0 at the close, with the latter finishing a little off worst levels as U.S. Tsys edged away from intra-day cheaps into the NY close.

  • COVID matters continue to dominate the local news landscape. The weekend saw the scope of Sydney's lockdown broadened to cover the entire Sydney area, with the length of the lockdown increased to 2 weeks. Elsewhere, the city of Darwin implemented a "hard" two-day stay-at-home order after the discovery of a handful of COVID cases.
  • A$300mn of ACGB 1.75% 21 June 2051 and the latest scheduled round of ACGB purchases from the RBA headline 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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