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Off Early Sydney Peaks

AUSSIE BONDS

Futures operate shy of their early Sydney peak, with Australian PM Morrison pointing to an uptick in defence spending, while the latest round of Melbourne Institute consumer inflation expectations data jumped, with the Y/Y metric hitting the highest level observed since ’12. Meanwhile, the previously noted bump higher in oil prices is also applying some pressure (deemed more of an inflationary impulse in Australia vs. the stagflationary impulse in the U.S.). YM +1.8 & XM -0.9 at typing.

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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