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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.
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Free AccessACGBs Look Through RBA SoMP
The Aussie bond space has looked through the release of the RBA’s latest SoMP. There was little in the way of surprises in the initial SoMP comments picked up by news wires, while the Bank's wage growth projections see wage price growth of 3.25% in the year to Jun '24 (that qualifies as “3 point something,” but we provide a reminder that Governor Lowe has pointed to the need to assess a wider suite of wage price indicators given differing remuneration patterns in tight labour markets). Elsewhere, there isn't much in the way of meaningful fresh information in the economic forecasts, given previous comments provided at the end of the Bank's February decision and during Wednesday's address from RBA Governor Lowe. YM -6.5 & XM -8.0 as a result, consolidating the downtick observed ~45 minutes ago (which was linked to spill over from weakness in the JGB space). The bill curve holds steeper, -2 to -11 through the reds.
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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.