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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessACGBs Rally On Broader Tailwinds, RBA/RBNZ QE Ops Grab Attention
Aussie bonds have gained alongside their core FI peers. YM last seen +2.5, while XM trades +5.0 at typing, both at/just below respective session highs. Cash curve runs flatter, yields last sit +0.2bp to -6.6bp, with 3s last seen at 0.086%. Bills change hands -1 to +2 ticks through the reds.
- The RBA offered to buy A$2.0bn of ACGBs with maturities of Nov '24 to May '28, but excluding Nov '24 ahead of this Friday's sale of ACGB 0.25% 21 Nov '24.
- A degree of spill-over from across the Tasman may have lent some support to ACGBs, after the RBNZ's LSAP operations saw very light offers for for NZGB Apr '27 & NZGB May '41, with bid/cover ratios slipping below 2.0x.
- Local news flow has centred around floods caused by heavy rainfalls in NSW, which prompted state authorities to evacuate thousands of people and disrupted the supply of Covid-19 vaccines.
- Elsewhere, the deal on the trans-Tasman travel bubble is taking shape. PM Ardern said that the date for launching the quarantine-free travel corridor will be unveiled on Apr 6, as both sides are hammering out some details.
To read the full story
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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.