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RBA On The Brain

AUSSIE BONDS

Futures recovered from overnight cheaps alongside U.S. Tsys, but have drifted lower at the re-open (perhaps as locals continue to focus on the potential tapering symbols/optionality that the RBA may have embedded in yesterday's statement) leaving YM -1.0 and XM -2.0 in early Sydney trade.

  • Q1 GDP data headlines the local economic docket today. Elsewhere, RBA speak will be closely scrutinised after yesterday's decision. Bradley Jones, the Bank's head of economic analysis, will provide a keynote speech at the Minerals Week Australia-Asia Investment Outlook event this morning. Elsewhere, Deputy Governor Debelle & Assistant Governor Bullock will appear before the Senate Economics Legislation Committee (Estimates) this evening.
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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