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CROSS ASSET

Commodity-Tied Dollar Bloc Leads

JGBS

Cheaper On Wider Impetus

AUSSIE BONDS

YM Off Lows, Trouble Staying Offered In Wake Of GDP

FED

VIEW: BNP Paribas: Faster Tapering

US EURODLR FUTURES

Some Light Selling Seen

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The RBA held off from enforcing its YCT mechanism, choosing not to purchase ACGB Apr-24 in today's typical purchase window. This has weighed on YM, with that contract last trading -1.5 on the day, as some in the market were disappointed (we suggested that the previously flagged move from the RBA earlier this week limited the chances of such purchases today). ACGB Apr-24 now trades at 0.16% in yield terms, 6bp above the RBA's 0.10% target.