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AUSSIE BONDS: Curve has steepened a touch, with XM drifting lower alongside
T-Notes and an uptick in global equity metrics. YM -0.5, XM -3.0.
- Little in the way of market reaction to the latest round of weekly payroll and
figures from the ABS, which pointed to a worsening labour market and wage
backdrop as of April 18, which of course provided no surprise.
- Volumes remained subdued pre-RBA, with our preview providing you with further
detail ahead of today's decision.
- Bills sit unchanged to 1 tick lower through the reds.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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