Forex News: Australian bond futures likely to gain in local session on flight from riskier assets though won't go too far ahead of RBA Governor Stevens' speech tomorrow, Citigroup Director of Economics Stephen Halmarick says. Bond markets still restrained somewhat by RBA policy outlook uncertainty ahead of expected high 2Q CPI due July 23. Stevens likely to provide some clarity for markets tomorrow. Any pricing in of rate cuts at this stage likely to be short lived. 3-year futures ended overnight session +5 bps at 93.485, 10-year futures +7 bps at 93.67
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