Free Trial

A brief spike higher in futures has....>

AUSSIE BONDS
AUSSIE BONDS: A brief spike higher in futures has mostly unwound. The bid was
triggered after the latest AOFM weekly issuance schedule revealed that there
will be no conventional bond supply next week, with only one small I/L tender
noted.
- YM last +1.0 tick, while XM trades 4.5 ticks better off. YM/XM has flattened,
last dealing at 43.00, with the cash equivalent at 43.9bp. The AU/U.S. 10-Year
yield spread trades at -60.0bp.
- The latest ACGB auction result was largely ignored by futures traders.
- Traders are now on the lookout for Chinese trade data, with a focus on any
potential LNY distortions evident ahead of the print.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.