More irrational exuberance?
NAB Morning Call
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The Market Reacted to the German Manufacturing PMI Report
Markets are range bound still as we wait for the bigger events later this week. But within that range, we have seen a bit of movement in bonds overnight. An issue saw a rally in yields across, you know, across bonds, guilds, treasuries and and Aussie futures on that soft German manufacturing PMI report. That initial rally in treasuries following the week has been retraced.
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