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Following The Broader Firming Trend

AUSSIE BONDS

Aussie bond futures ticked higher as local participants reacted to Wednesday's move in U.S. Tsys, leaving YM +4.0 and XM +5.0 at typing. Longer dated ACGBs sit ~5.5bp richer on the day in cash trade.

  • Comments on the "labour market and monetary policy" from RBA Governor Lowe offered little in the way of meaningful new information, as he affirmed the Bank's sanguine view on inflation & wages. The Q&A session that followed the address wasn't eventful
  • The presence of the latest round of scheduled RBA ACGB purchases covering the '28 to '32 zone of the curve would have provided some underlying support.
  • The release of the AOFM's weekly issuance slate headlines the local docket on Friday.
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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