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Bond futures sit just shy of best......>

AUSSIE BONDS
AUSSIE BONDS: Bond futures sit just shy of best levels on the back of the softer
than expected AU Q4 net export data, which was followed up with a softer than
expected Chinese Caixin services PMI print.
- YM & XM last trade 3.0 ticks higher, with YM/XM at 49.0, while the cash
equivalent trades at 49.1bp. Bills trade 3 ticks lower to 2 ticks higher through
the reds.
- Focus now moves to the RBA MonPol decision, due in around 45 minutes time.
Interpolated OIS are pricing a circa 60% chance of at least one rate cut by year
end at writing.
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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