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AUSSIE BONDS: Mid-Range, RBA Hunter Speech & Nov-27 Supply Tomorrow

AUSSIE BONDS

In roll-impacted dealings, ACGBs (YM +1.4 & XM +4.1) are richer and sit in the middle of today’s relatively narrow ranges.

  • Outside of the previously outlined Consumer and Business Confidence, there hasn't been much by way of domestic drivers to flag.
  • Cash US tsys are ~1bps cheaper in today’s Asia-Pac session after yesterday’s somewhat mixed performance. The focus is on this week's CPI and PPI inflation measures to help gauge next week's FOMC policy announcement.
  • Cash ACGBs are 2-4bps richer, with the AU-US 10-year yield differential at +21bps.
  • Swap rates are 2-4bps lower, with the 2s10s curve flatter.
  • The bills strip is holding a twist-flattening, with pricing -2 to +4.
  • RBA-dated OIS pricing is little changed out to Feb-25 and 2-4bps softer beyond. A cumulative 16bps of easing is priced by year-end.
  • RBA Assistant Governor Hunter will give a speech at the Barrenjoey Economic Forum tomorrow.
  • Tomorrow, the AOFM plans to sell A$1.0bn of 2.75% 21 November 2027 bond.
RegionGlobalBulletAPACFixed Income BulletsAustraliaMarkets
RegionGlobalBulletAPACFixed Income BulletsAustraliaMarkets

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