Free Trial

Aussie Bond futures proving to be......>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bond futures proving to be relatively resilient to the
latest round of risk on flows triggered by comments from U.S. President Trump,
covering everything from trade war matters, to next week's Fed meeting, with
Trump telling RTRS that he would view a rate hike at next week's FOMC decision
as foolish.
- Worth noting that NAB now look for the RBA to hike in H220, they previously
expected 1 25bp hike in each of Q219 & Q319.
- Narrow range observed thus far in SFE trade, with the SYCOM low holding in
3-Year futures. YM/XM last 48.75, off of lows, alongside 3-Years, while the cash
3-/10-Year yield differential last trades at 49.7bp.
- White & red Bills trade unchanged to 2 ticks lower last. 3-month BBSW fixed
~1.2bp higher today at 2.00%. RBA conducted 30-day reverse repo ops at 2.157%.
Year-end funding matters are in focus.
- Latest AOFM ACGB auction was ignored, with the Bond not featuring in the
deliverable basket for XMZ8 (although it will be the next Bond to move into the
XM deliverable basket).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.