Free Trial

Aussie Bonds have eased back from......>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds have eased back from best levels with the 10-Year
future underperforming as US Tsy futures back away from highs & the latest
auction of a 10-Year Aussie Bond future's basket constituent came in softer than
prior, although the real weakness came after the the AOFM announced a syndicated
tap of the 3.25% 21 June 2039 Treasury Bond for next week.
- 3-Year Bond futures trading at 97.795 (unch), while 10-Year Bond futures trade
at 97.195 (-1.5 ticks).
- The space hasn't managed to re-test the SYCOM session highs which came on the
back of a slightly softer than expected suite of US CPI data.
- The domestic 3-/10-Year yield spread operates at 62.2bp (+1.6bp), as the
longer end underperformed, while the AU/US 10-Year spread is 3.3bp tighter at
-17.5bp.
- 3-Month BBSW fixed 1.0bp lower at 1.930% today, with the white & red Bill
contracts last trading a tick higher to a tick lower.
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.