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AUSSIE BONDS: Richer & At Session Bests Ahead Of RBA Gov. Bullock Speech

AUSSIE BONDS
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ACGBs (YM +6.0 & XM +5.0) are richer and at Sydney session highs.

  • Outside of the previously outlined private capital expenditure, there hasn't been much by way of domestic drivers to flag.
  • Private GFCF should post a positive quarterly result on December 4’s Q3 national accounts. Inventory, net exports and government spending inputs are released on December 2 and 3.
  • The local calendar will also see a speech from RBA Governor Bullock at the CEDA Conference aftermarket.
  • Cash US tsys are closed today ahead of the Thanksgiving holiday, with no data out until next week.
  • Cash ACGBs are 5-6bps richer.
  • Swap rates are 5-6bps lower.
  • The bills strip has twist-flattened, with pricing -1 to +8.
  • RBA-dated OIS pricing is flat to 6bps richer across meetings. A 25bps rate cut is not fully priced until May.
  • Tomorrow, the local calendar will see Private Sector Credit alongside AOFM’s planned sale of A$700mn of the 1.50% 21 June 2031 bond. 
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ACGBs (YM +6.0 & XM +5.0) are richer and at Sydney session highs.

  • Outside of the previously outlined private capital expenditure, there hasn't been much by way of domestic drivers to flag.
  • Private GFCF should post a positive quarterly result on December 4’s Q3 national accounts. Inventory, net exports and government spending inputs are released on December 2 and 3.
  • The local calendar will also see a speech from RBA Governor Bullock at the CEDA Conference aftermarket.
  • Cash US tsys are closed today ahead of the Thanksgiving holiday, with no data out until next week.
  • Cash ACGBs are 5-6bps richer.
  • Swap rates are 5-6bps lower.
  • The bills strip has twist-flattened, with pricing -1 to +8.
  • RBA-dated OIS pricing is flat to 6bps richer across meetings. A 25bps rate cut is not fully priced until May.
  • Tomorrow, the local calendar will see Private Sector Credit alongside AOFM’s planned sale of A$700mn of the 1.50% 21 June 2031 bond.