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Daily Alert: Pause in global bond selloff provides brief respite for markets

  • Overnight, a pause in the global bond market sell-off provided a brief respite for markets.
  • The ECB meeting Minutes were peppered with some caution over rising inflation and concerns policy credibility was being eroded. However, in an interview the ECB’s Lagarde sought to play down those fears.
  • Australian dollar and Australian short-term yields lift after the unemployment rate falls to a 13 year low.

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