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Muted Initial Market Reaction To Australia Labour Market Data Given Scope Of Pre-Data Moves

CROSS ASSET

In the aftermath of the February employment report AUD is a touch firmer, Aussie bonds cheapen a little and RBA-dated OIS ticks away from session lows. Note that bonds are still comfortably richer on the day, while OIS is still comfortably lower on the session, given the focus on the wider global banking sector. More colour to follow.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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