CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

At Session Highs But Little Changed, Light Local Calendar

AUSSIE BONDS

ACGBs sit slightly stronger (YM +1.0 & XM +0.5) at Sydney session highs as US tsys richen in Asia-Pac trade. A thin Asian docket today left local participants on headline watch. At the time of writing cash tsy yields were 2-4bp lower.

  • Cash ACGBs are 1-2bp richer with the 3/10 curve steeper and the AU-US 10-year yield differential -3bp at -7bp.
  • Swap rates are 1-2bp lower with EFPs slightly tighter.
  • Bills strip bull steepens with pricing flat to +3.
  • RBA dated OIS pricing is 1-5bp softer across meetings with a 15% chance of a 25bp hike priced for the June meeting. The expected terminal rate dips to 3.97% from 4.01% on Friday, the highest level since March 9.
  • Australian Employment Minister Tony Burke strongly backed an increase in the minimum wage that matches inflation. (link)
  • The local calendar has been light today with the next scheduled highlight being RBA Jacobs, Head of Domestic Markets, speaking at a Fixed Income Forum in Tokyo tomorrow.
  • The AOFM plans to sell A$150mn of the 1.25% 21 August 2040 Indexed bond tomorrow.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

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.