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Muted Post-RBA

AUSSIE BONDS

The lack of any forthcoming easing rhetoric from the RBA and rhetoric surrounding the labour market not faring as bad as feared has provided the space with little reason to go meaningfully bid-post RBA. However, the Bank included a passage which pretty much said wait until the budget has been issued this evening (that we highlighted in full earlier). YM trades at unchanged levels, with XM -3.0.

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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