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Another Downtick

AUSSIE BONDS

Another lurch lower in the major bond futures contracts results in fresh cycle lows for YM & XM, with the former trading -10.5 on the day, while the latter is -9.0. Firmer than expected domestic data would have done bond bears no harm, but momentum and flow remains at the fore.

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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