From ANZ's weekly look at rates markets, this quick snippet on the Australian economy:

A lack of major domestic data means the landscape is little changed

  • ANZ Roy Morgan Consumer Confidence data remains soft and in stark contrast to the business data
  • Politics and weak wages are staying in the headlines and this does little to engender a lift in consumer attitudes

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Also, globally:

  • The turndown in inflation in the US, as measured by the Atlanta Fed index, the Dallas Fed index and other core data is pressuring the USD and yields to continue falling.
  • In contrast, global PMIs are solid.