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RBA Purchases Eyed

AUSSIE BONDS

Aussie bond futures traded heavy overnight, although they recovered from worst levels alongside the broader swings in U.S. Tsys. That leaves YM -1.5, with XM -6.0 in early Sydney trade.

  • Private CapEx headlines the local economic slate on Thursday, with broader focus falling on RBA bond buying operations. The RBA will conduct its longer dated ACGB purchases today, although attention will fall on the potential for the RBA to step in to enforce its 3-Year yield target. This comes after Monday's enforcement disappointed markets in terms of size.
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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