MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI BRIEF: China Visitor Mobile Payments Surge in H1

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

MNI: SWEDEN Q2 GDP +0% Y/Y

MNI: SWEDEN JUN RETAIL SALES -0.1% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

10-Year ACGB Yield Hits Levels Not Seen Since 2018

AUSSIE BONDS

Aussie bonds have retreated in early trade, with 10-Year yield running as high as to 2.940%, the highest point since 2018. The curve has bear steepened, with yields sitting 6.2-8.5bp higher as we type.

  • Futures trade lower as well, with YM last -6.0 & XM -9.0. Bills run 3-10 ticks lower through the reds.
  • The space has played catch up with the upswing in U.S. Tsy yields observed overnight, after FOMC's Brainard suggested that rapid balance sheet reduction could begin as soon as next month.
  • Her comments came on the heels of a hawkish tilt in the language of RBA monetary policy statement released Thursday.
  • The auction for A$500mn of ACGB May '30 headlines the local docket today, although China's Caixin Services PMI may also provide some interest.
HomepageBond Market NewsBulletMarketsFixed Income Bullets
HomepageBond Market NewsBulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.