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A soft ACGB 2047 auction added some....>

AUSSIE BONDS
AUSSIE BONDS: A soft ACGB 2047 auction added some idiosyncratic pressure to the
longer end of the Aussie curve, after the broader risk-on mantra stemming from
the official Chinese PMIs (released over the weekend) weighed early on, even as
generally soft local data crossed the wires. The latest partials pointed to
increased downside risks for Wednesday's Q3 GDP print.
- YM -4.0, XM - 6.0, hovering just above lows as we move towards the close.
- YM/XM finished 2.5 steeper on the day at 41.0.
- Bendigo & Adelaide Bank launched a benchmark ~3 -Year fixed and/or floating
note.
- Bills 1-3 ticks lower through the reds.
- The final RBA decision of 2019 headlines tomorrow's docket (our preview will
be published in the next couple of hours), with Q3 net export & BoP current a/c
data also due.
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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