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A Touch Below Settlement, Wider Impetus Eyed

AUSSIE BONDS

The wider cheapening seen in core global FI markets allowed Aussie bond futures to nudge lower overnight, leaving YM -2.5 & XM -3.5 in early Sydney trade, marginally above late overnight levels, a little above their respective post-Sydney bases. Bills run 2-4bp cheaper through the reds.

  • There isn’t much in the way of domestic risk events to flag on Thursday, with the local press also lacking when it comes to market moving news.
  • NZ retail sales data may provide some limited trans-Tasman impetus, while setup for the upcoming Jackson Hole symposium is likely to be a factor.
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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