Trial now
CHINA PRESS

Yuan to Maintain Near-Term Strength: Journal

CHINA PRESS

Biden May Be Consumed by Bumpy Recovery: Daily

JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

The ACGB Apr '24/Nov '24 yield spread has flattened by 3.3bp today and sits the best of 6bp shy of its intraday steeps. The softer than expected Q1 CPI reading has been the driving factor here. A reminder that this spread is often used to gauge market pricing of the chances of the RBA extending its 3-Year yield targeting measure to ACGB Nov '24 from ACGB Apr '24.


Fig. 1: ACGB Apr '24/Nov '24 Yield Spread (%)

Source: MNI - Market News/Bloomberg