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Labour Market Data Due

AUSSIE BONDS

Futures saw some modest twist flattening overnight, given the move seen in U.S. Tsys, with YM finishing -0.5 and XM +0.5 in what proved to be a relatively limited round of post-Sydney dealing, at least range wise

  • The monthly labour market report headlines the local docket on Thursday, with the employment metric expected to fall by 43.1K (per the BBG median estimate). There will be just as much focus on the hours worked reading, as well as the underemployment and underutilisation dynamics (both of the latter metrics moved away from multi-year lows in the June report).
  • Elsewhere, the NSW COVID situation will continue to be monitored.
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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