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Futures Drifting Lower Ahead OF Local Event Risk

AUSSIE BONDS

Futures have pushed through their overnight lows during early Sydney trade as local participants react to the post-FOMC cheapening, NZ GDP data tops expectations and T-Notes move through Wednesday's lows. YM -6.5, XM -10.5. Focus is now on RBA Governor Lowe's heavily awaited address, due in a little over 1 hour (10:10 AEST, 01:10 London, which will be followed up by the release of the latest labour market report.

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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