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A slight miss for the Q4 Q/Q wage......>

AUSSIE BONDS
AUSSIE BONDS: A slight miss for the Q4 Q/Q wage price metric, which printed at
0.5% vs. exp. & prev. 0.6%, while the Y/Y reading met consensus, holding steady
at 2.3%, which represents a marginal miss vs. the RBA's exp. of 2.4%.
- Bond futures have edged higher on the back of the soft Q/Q print, but sit off
of the reaction highs.
- YM +2.0 ticks, with XM +2.0 ticks. YM/XM trades at 45.5, with the cash
equivalent at 44.7bp. The AU/U.S. 10-Year yield spread sits at -53.3. Bills
trade 1-3 ticks higher through the reds.
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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