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A Little Steeper Overnight


{AU} AUSSIE BONDS: A Little Steeper Overnight

The NFP-related gyrations in U.S. Tsys allowed Aussie bond futures to steepen in the final post-Sydney session of last week, leaving YM -0.5 and XM -2.5 come the bell.

  • In terms of local news, the weekend saw NSW register another record in its daily COVID case count (1,533), while Australian PM Morrison reiterated his focus on moving past the era of lockdowns and state border restrictions by Christmas.
  • Monday provides lower tier domestic economic releases in the form of ANZ job ads and the Melbourne Institute inflation readings, in addition to the latest round of scheduled RBA ACGB purchases and A$1.0bn of ACGB 1.75% 21 November 2032 supply from the AOFM. However, the broader focus this week will fall on the latest RBA decision, specifically on whether the RBA decides to renege on its tapering move (more colour on this matter will be provided in our full preview, which will be published in the coming hours).
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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