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Bond futures move higher in the wake...>

AUSSIE BONDS
AUSSIE BONDS: Bond futures move higher in the wake of RBA Governor Lowe's latest
speech. YM +3.5, XM +5.0 on the day.
- The concluding paragraphs of Lowe's speech point to a lower for longer rate
environment, with the possibility for additional cuts. Lowe also noted that
evidence doesn't support a change of the Bank's inflation target, noting that
the current target is flexible enough and that it is important to regularly
examine the inflation target.
- Bills trade 2-4 ticks higher through the reds, with IRZ9 & H0 outperforming on
the day.
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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