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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
Ahead of the release of Retail Sales for February today (0130 GMT), the ACGB 10-year benchmark yield is 10bp higher at 3.29% after yesterday hitting 3.14%, its lowest level since August yesterday.
- U.S. Tsys were weaker in NY trade with the 10-year yield +15bp at 3.53% after the bell. On Friday the 10-year yield achieved an intraday low of 3.28%, the lowest level since September, in the wake of another retreat in European bank stocks.
- The AU/US 10-year yield differential is -4bp today at -23bp versus 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: AU/US 10-Year Yield Differential (%)
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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