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AUSSIE BONDS

Futures Off Lows, Curve Still Steeper

US TSYS

Steady Start

UK
UK: The Office for Budget Responsibility (OBR) has released its forecast
evaluation report for 2017 and says that it is "likely to revise down potential
productivity growth in its November forecast, weakening the outlook for the
public finances. This would be partially offset by lower equilibrium
unemployment, more hours worked and downward revisions to borrowing last year".