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XM Has A Look Higher Early

AUSSIE BONDS

The long end bid on the back of the Evergrande-driven risk-off tone evident during post-Sydney trade extended in early dealing on Tuesday, although e-minis have now recovered from worst levels to trade higher on the day, helping Aussie Bond futures off best levels alongside a similar move in U.S. Tsy futures. YM +3.5 and XM +6.0 at typing. There doesn't seem to be much else to note early in Sydney trade, with Evergrande and related broader risk matters still front and centre.

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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