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Aussie bond futures softened in the....>

AUSSIE BONDS
AUSSIE BONDS: Aussie bond futures softened in the wake of the latest RBA Monpol
decision, which saw the Bank leave its cash rate unchanged, take a slightly less
negative view of the international economic environment and reaffirm its
willingness to ease further if required, while pointing to the lags of MonPol.
The bank also softened its rhetoric re: the labour market given the latest,
weak, monthly report.
- Particularly heavy volume in XMZ9 was noted in SYCOM hours (although there was
a lack of any outright drivers of volume seen, outside of heavy activity/busy
price action in general). YMZ9 volume has caught up during SFE hours.
- YM -8.0, XM -9.5 as we approach the close, representing session lows, with
YM/XM at 42.0.
- Bills sit 3-7 ticks lower through the reds.
- Q3 GDP headlines the local docket tomorrow, with today's final partials
offering little to move the needle after earlier partials resulted in a nudge
lower for the BBG median exp. (to 0.5% Q/Q from 0.6%).
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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