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Futures Marginally Softer Vs. Settlement, GDP Eyed

AUSSIE BONDS

Aussie bond futures generally tracked the gyrations observed in U.S. Tsys during post-Sydney dealing, failing to make much headway below their respective Sydney session troughs despite a couple of attempts to break lower. That leaves YM and XM just below their Tuesday settlement levels shortly after Wednesday’s open, -1.5 & -2.0, respectively, marginally below late overnight session levels. Bills are flat to -3 through the reds.

  • Q1 GDP data, the final manufacturing PMI print from S&P Global, the latest CoreLogic house price reading and A$1.0bn of ACGB Apr-25 supply headline domestic matters on Wednesday. Re: GDP, the BBG consensus looks for +0.7% Q/Q after yesterday’s inventories and public spending data buoyed sell-side estimates.
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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