Free Trial

A Sigh Of Relief

AUSSIE BONDS

Apparent de-escalation in the Russia-Ukraine standoff, as reports and Russian commentary indicated that Russian troops have started to return to their barracks (some Western communique re: the matter was a little more sceptical), applied pressure to broader core fixed income markets in post-Sydney dealing. The major benchmark bond markets then meandered through the remainder of Tuesday trade. As a result, YM sits -4.0, with XM -7.0, both off of their respective overnight troughs. Aussie 10s have mimicked their U.S. counterparts since the Sydney close.

  • On the corporate issuance front, it is worth noting that books are open on NAB 3- & 5-Year senior benchmark deals.
  • A$1.0bn of ACGB Apr-33 supply and the monthly Westpac leading index release headline the domestic slate on Wednesday. It will also be worth keeping an eye on Chinese inflation data.
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.