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Yesterday, the bond market experienced a significant surge in volatility, as indicated by the MOVE index, which measures bond market implied volatility.
On a holiday-shortened week for the US, the CPI inflation will be the key market driver. The US consumer will also be in focus with retail sales and Michigan Sentiment.
The Reserve Bank of Australia (RBA) is in the spotlight as it gears up for its upcoming meeting on Tuesday. Analysts are divided on whether there will be a 25 basis points (bps) rate hike, or if the RBA will maintain the current rate of 4.10%.
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