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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.
AUSSIE BONDS
U.S. Tsys richened in trade ahead of the weekend following another retreat in European bank stocks. While closing off bests following a recovery in U.S equity indices in late trade, 2-year and 10-year yields achieved their lowest intraday levels since September of respectively 3.55% and 3.28%.
- In Asia-Pac trade today, following the lead from U.S. Tsys, the cash ACGB benchmark 10-year yield declined to its lowest level since August, hitting 3.14%. The 3-year benchmark yield hit 2.755%, just shy of its lowest level since August of 2.751%.
- The AU/UU 10-year yield differential at -20bp remains above the cycle low of -32bp, set before global banking concerns in early March when the U.S. Tsy 10-year yield was above 4.0%.
Figure 1: 10-Year Yield (%): AU Vs. US
Source: MNI – Market News / Bloomberg
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.
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