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XM Sees New Sydney Highs But Backs Off

AUSSIE BONDS

A brief blip higher to new highs of the day for XM on the back of the previously flagged Westpac view re: RBA QE, although the move has faded, with YM last +1.0 & XM +2.5 based on the H1 contracts. Outside of that move, residual roll volume continues to dominate, given the lack of headline news flow, after swings in the broader risk tone dictated price action early on.

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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