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Australian bonds rally on short-covering amid silent trading session

The Australian bonds rallied on the last trading day of the week as investors covered previous short positions amid a silent trading session that witnessed data of least economic significance.

The yield on the benchmark 10-year Treasury note, which moves inversely to its price, slipped 1 basis point to 2.48 percent, the yield on 15-year note also plunged almost 3-1/2 basis points to 2.90 percent and the yield on short-term 4-year traded 1/2 basis point lower at 1.99 percent by 05:00 GMT.

Australia’s employment rose 37.4k in April, following the 60k gain in March. Within the headline figure, the mix of full-time/part-time jobs was a little less favourable, with full-time jobs declining by 11.6k. This drop has to be viewed against the 75k jump in full-time jobs in March, however.

In contrast, the unemployment rate dropped back to 5.7 percent in April, after it rose to 5.9 percent in February and remained at that level despite the strong employment gain in March. At 5.7 percent, the unemployment rate is still above its recent cyclical low of 5.6 percent reached in October and well above the 4.9 percent level reached in mid-2011.  It is, however, down from the cyclical high of 6.3 percent last seen in July 2015, though underemployment remains high.

Meanwhile, the ASX 200 index traded 0.06 percent up at 5,731.50 by 04:50GMT, while at 04:00GMT, the FxWirePro's Hourly AUD Strength Index remained neutral at 9.86 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

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2017-09-22 15:30:57
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2017-09-22 15:30:36
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September 22 14:30 UTC Released

USECRI Weekly Annualized*

Actual

0.0 %

Forecast

Previous

0.3 %

September 22 14:30 UTC Released

USECRI Weekly Index*

Actual

143.4 %

Forecast

Previous

143.3 %

September 25 00:30 UTC 33313331m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.2 bln $

September 25 08:00 UTC 37813781m

DEIfo Business Climate*

Actual

Forecast

116.0 %

Previous

115.9 %

September 25 08:00 UTC 37813781m

DEIfo Current Conditions*

Actual

Forecast

124.8 %

Previous

124.6 %

September 25 08:00 UTC 37813781m

DEIfo Expectations*

Actual

Forecast

107.9 %

Previous

107.9 %

September 25 11:30 UTC 39913991m

TRCapacity Utilisation*

Actual

Forecast

Previous

78.8 %

September 25 11:30 UTC 39913991m

TRManufacturing Confidence*

Actual

Forecast

Previous

110.7 %

September 25 12:30 UTC 40514051m

USNational Activity Index*

Actual

Forecast

Previous

-0.01 %

September 25 13:00 UTC 40814081m

MXIGAE Econ Activity YY

Actual

Forecast

Previous

2.4 %

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