Free Trial

After yesterday's Asia-Pac.............>

AUSSIE BONDS: After yesterday's Asia-Pac excitement in Aussie Bonds post retail
sales data, taking the 3-Year benchmark contract to 3-Week highs and the 10-Year
to weekly highs, the contracts are both currently down, the 3-Year last down 2
ticks at 97.860 and the 10-Year last down 2.5 ticks at 97.1650, the Aussie
10-Year bond auction came in strong (part of the underlying basket for XMZ7,)
cover was 4.5571x from 3.7x times previously on the same line and sources
reported 6k YMZ7 was sold as both contracts went on the descent at 97.85, both
contracts came up very mildly despite headlines coming down from the WSJ
reporting the RBA is still not ruling out a rate cut even after retail sales
- On the overnight, although more resilient than Tsy's Aussie bonds did blip
lower in tandem with Tsy's after lower-than-expected 260K initial weekly jobless
claims & firm 1.2% Aug. factory new orders. 
- Yields up across the curve, holding out from prior to the auction, the 3-Year
up 1.9bp and the 10-Year up 2.3bp.

To read the full story



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.