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Fresh Session Lows Registered

AUSSIE BONDS

Aussie bond futures moved to fresh session lows in the wake of the release of domestic data and the aforementioned Chinese official PMI readings (which weren’t as soft as expected). A quick look at the Q1 data reveals a much narrower than exported current a/c surplus, alongside firmer than expected inventories data and company profits. The monthly reference points revealed softer than expected building approvals readings, while private sector credit topped expectations. YM -7.5 & XM -9.5 as a result.

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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