SCOREBOARD: Commodities confidence

Overseas trading was restrained as the US treasury curve flattened while oil commodities lifted on Iran news.

We didn’t miss out on any major excitement on Friday night. The US treasury curve flattened a bit as the 10-year yield dropped about 5 basis points (2.23 per cent) and the 2-year was off 1 basis point (0.35 per cent). Aussie futures in turn are little changed from Friday afternoon (the 3s at 96.33 and the 10s up 2 ticks to 95.78).


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