Thursday, March 1, 2012

Aust dollar, bonds firmer to noon =3 Sydney

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Aust dollar, bonds firmer to noon =3 Sydney

The debt market was mildly firmer to noon, holding the upside in prices despite theUS Treasury market giving up its early gains.

At 1200 AEDT the benchmark Commonwealth Government June 2011 bond yield was at 5.955per cent from 5.975 at yesterday's close and the September 2004 yield was at 5.315 percent from 5.345 per cent.

US Treasuries finished weaker, despite the US stockmarket also weakening on the backof continuing concerns over company accounting practices.

Treasuries failed to take a bid from a weaker stockmarket as US data continued to showup on the strong side.

The January …

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