Market Awaits Q1 GDP Tomorrow

• A quiet domestic session overnight with no major data releases saw the 10-year Australian government bond sit around 4.29%.
• The RBA Minutes for May, due today, will be closely watched for insight into the policy balance between holding and a possible 25–50bps cut.
• Final partial economic data — net exports and government spending — will be released today ahead of tomorrow’s Q1 2025 GDP print.
• RBA’s Assistant Governor Hunter will deliver a speech in Brisbane titled Joining the Dots: Exploring Australia’s Links with the World Economy, expected to reinforce the May SoMP view that global trade remains a net disinflationary force for Australia.