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Labour Market Data Due

AUSSIE BONDS

Futures softened a touch in overnight dealing, trading in sympathy with U.S. Tsys, leaving YM -2.0 & XM -4.5 in early Sydney trade, a touch below overnight closing levels, but within the confines of their respective overnight ranges.

  • The monthly labour market report headlines today's local docket. As a reminder, the labour market recovery has outstripped the baseline expectations at the RBA in recent months. The March release shouldn't reflect any impact from the cessation of the JobKeeper scheme, but the cessation does introduce some 2-way risk to the report in the coming months (although this is expected to be relatively negligible in terms of the bigger picture, given the aforementioned strong recovery in the space). Elsewhere, the RBA will conduct its latest round of scheduled ACGB purchases.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets

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