Free Trial

Aussie bond futures are off their......>

AUSSIE BONDS
AUSSIE BONDS: Aussie bond futures are off their highs but remain clear of
yesterday's post-FOMC spike high, with the space continuing to track the US
closely amid the ongoing drop in inflation expectations in both countries. 
- 10year yields are down another 4bps on the day at ps at 2.348%, honing in on
the 2017 lows. 
- AU-US spread has edged back up after falling from yesterday's post FOOMC
highs, now trading at -41.1bps. The domestic 3s-10s curve is down 1.8bps as the
curve hits its flattest level since Sep 2016. 
- The tick up in the unemployment rate appears to be supporting the space, with
the rate coming in at 5.1% versus the 5.0% figure in Oct. The 37k new jobs added
belied a slight drop in full time employment.

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.