Free Trial

Aussie Bonds have stuck to a tight.....>

AUSSIE BONDS
AUSSIE BONDS: Aussie Bonds have stuck to a tight range. 3-Year Bond futures
trade unchanged at 97.770, while 10-Year Bond futures trade 0.5 tick lower at
97.185. Benchmark 3-Year paper yields 2.189%, while 10-Year benchmark paper
yields 2.801%.
- The domestic 3-/10-Year yield differential last trades 0.1bp steeper at
60.4bp.
- Commonwealth Bank of Australia have pushed back their forecast for the first
hike in the Reserve Bank of Australia's cash rate to February next year against
a previous forecast which looked for a November 2018 hike. CBA chief economist
Michael Blythe said that the macroeconomic backdrop indicates that the next move
in interest rates is up but the RBA's patience will be lengthened due to new
uncertainties from falling dwelling prices, funding cost pressures and
tightening lending standards. - Cash Tsys are closed in Asia-Pacific hours owing
to a Japanese holiday, which may limit Aussie Bonds.
- The white & red bill contracts trade unchanged 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.