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XM Pushes Through Support

AUSSIE BONDS

YM -1.5 at typing, while XM sits -4.5, with the latter operating 1.0 off lows after pressing through previously identified technical support at 98.750, although follow through has been limited thus far, with a retracement seen to that level as of typing. Victoria saw another jump in new local COVID cases today (246), which may have tempered some of the early selling pressure. The longer end of the cash ACGB curve has cheapened by ~5.0bp thus far. ACGB supply and RBA ACGB purchases headline during the remainder of today's session.

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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