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Core FI Chop Continues

BONDS

The choppy round of core fixed income trade continues, with the latest leg lower in the USD creating some broader based weakness in core FI , although there was little in the way of tangible headline flow outside of the latest RBNZ monetary policy decision, which painted a more upbeat picture, but continued to stress a fair degree of caution re: the broader economic outlook, highlighting the need for ongoing supportive policy. T-Notes and 10-Year Aussie bond futures quickly moved away from the knee-jerk lows.

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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