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YM Given As Westpac's Evans Changes RBA Call

AUSSIE BONDS

YM last -2.0 at 99.785, with ~41K lots trading on the back of BBG headlines pointing to Westpac chief economist Bill Evans changing his RBA call. He now believes that the RBA will not roll its yield targeting measure over to ACGB Nov '24 at the July meeting, and he believes the Bank will adopt a "flexible QE regime." YM trades down from 99.800 to as low as 99.780 on the headlines.

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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