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We consider a synthetic antiferromagnetic spin-torque oscillator with anisotropic interlayer exchange coupling. This system exhibits exceptional points in its linearized dynamics. We find the non-linear dynamics and the dynamical phase diagram of the system both analytically and numerically. Moreover, we show that, near one of the exceptional points, the power of the oscillator depends extremely sensitively on the injected spin current. Our findings may be useful for designing sensitive magnetometers and for other applications of spin-torque oscillators.

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