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A Little Firmer

AUSSIE BONDS

Aussie bond futures have ticked higher over the last couple of hours or so, registering fresh session highs, perhaps aided by the AOFM announcing a step down in the DV01 on offer at next week’s ACGB auctions (to A$916K across 2 auctions vs. A$1.539mn across 3 auctions this week), with no issuance beyond the 10-Year bucket. YM +7.5 & XM +9.5 at typing, with the 10- to 12-Year zone still outperforming on the curve.

  • Little has changed on the EFP front vs. was outlined earlier, i.e. narrowing driven by 3s, with the 3-/10-Year box steepening, while Bills run 1-7bp richer through the reds.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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