Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

AU Bonds have been a little stickier...>

AUSSIE BONDS: AU Bonds have been a little stickier than Tsys, and struggled to
turn bid, last dealing at session lows with participants focusing on the pricing
of the new 2050 I/L Bond, due from the AOFM later today, as opposed to the
latest round of U.S. tariffs on China. As a reminder, yesterday the AOFM issued
initial price guidance for the issue at a spread of 9 to 13 basis points over
the mid-yield of the 21 August 2040 Treasury Indexed Bond.
- The lack of dovish rhetoric in the minutes from the RBA's latest MonPol
decision did little for AU Bond bulls, as the Bank offered an upbeat view on
growth and the domestic labour market, which allowed the RBA to reiterate that
the next move in its cash rate will likely be up, as opposed to down.
- The AU/U.S. 10-Year spread is back in to ~-34bp on the back of AU paper's
- On the corporate issuance front NAB launched its 5-Year A$ Bond line.
- The Bill strip last trades 1-2 ticks softer, 3-Month BBSW fixed -0.2bp today.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.