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Apr '24/Nov '24 Spd At Widest Levels Since Mar On Westpac RBA Call

AUSSIE BONDS

The ACGB Apr '24/Nov '24 yield spread has hit the widest levels witnessed since March on the back of Westpac's chief economist Bill Evans changing his RBA call. Evans was the major voice in the camp looking for the RBA to roll its yield targeting measure over to ACGB Nov '24 from ACGB Apr '24 in July, until today.


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

Source: MNI - Market News/ Bloomberg

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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