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Downward Impetus Extends

AUSSIE BONDS

Aussie bonds run lower, with YM -11.0 and XM -10.0. The impending round of 10-Year ACGB supply, RBA-related jitters ahead of WPI data and perhaps some pre-RBNZ trans-Tasman spill over (a 25bp RBNZ OCR hike is seen as a done deal) are providing sources of pressure. YM is testing its cycle lows at typing.

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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