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Potential For Imminent RRR Cut Noted

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AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds futures have moved to fresh session highs on the back
of the softer than expected AU GDP release, with the household consumption
metric +0.3 Q/Q.
- Both YMZ8 & XMZ8 trade just shy of their respective contract highs.
- Bill strip running flatter, as reds unwind the earlier modest move lower and
more. Strip trades 1 tick lower to 4 ticks higher through the reds, with front
end focusing on year end funding for the time being.
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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