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A Touch Cheaper, CapEx Due

AUSSIE BONDS

A fairly parallel shift across the yield curve sees the major ACGB benchmarks run ~3bp cheaper in early Sydney dealing, after U.S. Tsys helped futures lower overnight. YM & XM both sit -3.0 as a result.

  • Q4 CapEx data headlines the local docket on Thursday. We would suggest that the ultimate market impact of this release may be a little more muted than usual (barring an outsized surprise), with the market more attuned to CPI & wage dynamics, given the RBA’s current line of focus.
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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