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No Lasting Reaction To GDP

AUSSIE BONDS

Futures hover around pre-release levels, YM -0.5, XM -2.5, after the latter had a brief look below Sydney/overnight lows on the back of stronger than consensus Q1 GDP readings for Australia, although the sell-side had largely adjusted to the view that risks were skewed to the upside re: the release in the wake of the partials prints. Both the Q/Q & Y/Y readings were within the range of estimates provided in the BBG survey.

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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