Free Trial

A slight miss for the Q4 Q/Q wage......>

AUSSIE BONDS
AUSSIE BONDS: A slight miss for the Q4 Q/Q wage price metric, which printed at
0.5% vs. exp. & prev. 0.6%, has helped underpin the space today, while the Y/Y
reading met consensus, holding steady at 2.3%, which represents a marginal miss
vs. the RBA's exp. of 2.4%.
- Bond futures operate around best levels at writing, YM +3.0 ticks, with XM
+3.0 ticks. YM/XM trades at 45.0, with the cash equivalent at 45.0bp. The
AU/U.S. 10-Year yield spread sits at -54.0, as the soft Q/Q wage data allowed AU
paper to outperform at the margin.
- Corporate issuance has also been noted. KfW launched a tap of it's A$ 2026
line at swaps +46bp, while BNP Paribas mandated banks for 5-Year A$ issuance,
IPT given at 3-Month BBSW ~+180bp.
- Bills trade 1-3 ticks higher 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

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.