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Firmer, Labour Market Data Eyed

AUSSIE BONDS

Aussie bond futures held onto their overnight gains and traded a touch firmer in Sydney hours, YM last +1.0, XM +6.0. The space has looked through the strongest headline Westpac consumer confidence reading in over a decade, while there was no knock-on from the latest RBNZ monetary policy decision across the Tasman. Participants look to tomorrow's monthly labour market report, given the fact that the labour market recovery has outstripped the baseline expectations at the RBA.

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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