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Underpinned, Nothing New From Lowe

AUSSIE BONDS

Aussie bonds have been more resilient than U.S. Tsys during Asia-Pac dealing, pointing to a fairly idiosyncratic (with perhaps elements of JGB spill over) move in the latter. Aussie bond futures operate a touch shy of best levels and have remained underpinned in Sydney trade.

  • RBA Governor Lowe stuck to script re: the fight against inflation, while once-again highlighting resilient consumer spending and well-anchored inflation expectations in Australia, alongside a focus on the lagged impact of the recent run of monetary policy tightening (which could be more elongated this time around, per Lowe).
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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