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Futures Steady, Strong Data & Victoria Lockdown Have No Impact

AUSSIE BONDS

Nothing in the way of tangible reaction to the official declaration of a fresh COVID-related lockdown in the state of Victoria given the earlier press reports pointing to such a move. YM +0.5., XM +2.0 at typing.

  • On the domestic data front, private capex for Q1 was firmer than expected, with positive revisions for FY21/22 investment expectations (+7.9% from the initial estimate). The strong headline reading was driven by the equipment, plant and machinery component, which bodes well for the Q1 GDP release.
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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