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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.
AUSSIE BONDS
ACGBs (YM +3.0 & XM -1.5) are at or close to Asia-Pac trade bests in line with firmer U.S. Tsy futures (cash Tsys closed until the London session due to a national holiday in Japan) ahead of the RBA Minutes for the March meeting today (0030 GMT).
- Cash ACGBs are 2-3bp firmer with the 3/10 curve 1bp steeper.
- Swap rates are flat to -1bp with EFPs +2bp.
- Bills strip twist flattens with pricing -4 to +2.
- RBA dated OIS pricing is mixed with meetings out to July 1-3bp firmer and meetings beyond flat to 1bp softer. April meeting shows 4bp of easing.
Figure 1: RBA Dated OIS: Today Vs. Yesterday
Source: MNI – Market News / Bloomberg
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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