Free Trial

A$ & Local Yields Higher Post May CPI Beat

AUSTRALIA DATA

The May CPI rose more the consensus estimate, up 4.0% y/y (the market expected 3.8% y/y, with 4% being the top end of the forecast range). Core measures were mixed, but the trimmed mean rose to 4.4% y/y from 4.1% in April. More details to follow.

  • AUD/USD has spiked higher, up to 0.6670, +0.3% firmer. pre data levels were around 0.6645.
  • In the rates space, OIS is 7-10bps firmer from Nov. YM is -10, xm-7.

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.