MNI BRIEF: BOJ Sees All Regions Recovering, Picking Up

MNI: PBOC Net Drains CNY20.7 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1886 Thurs; -2.34% Y/Y

MNI BOJ: 2 OUT OF 9 JAPAN REGIONS UP ECON VIEW FROM OCT

MNI BRIEF: PBOC To Issue Record Volume of CNH Bills Next Week

CHINA DEC CPI +0.1% Y/Y VS MEDIAN +0.1%; NOV +0.2%: NBS

MNI:AUSTRALIA NOV TRADE BALANCE A$+7079

MNI: AUSTRALIA NOV RETAIL SALES +0.8% M/M

MNI: UK DEC BRC SHOP PRICES +0% M/M, -1% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUSSIE BONDS: Slightly Cheaper, Narrow Ranges, Solid Jun-31 Auction

AUSSIE BONDS
BulletAPACFixed Income BulletsAustraliaMarkets

ACGBs (YM -3.0 & XM -1.0) are slightly weaker after dealing in narrow ranges in today’s Sydney session.

  • Australia's credit to businesses and consumers rose more than economists expected in October. Credit to business, consumers rose 0.6% m/m (estimate +0.5%) in October versus +0.5% in September.
  • “Australia’s easing cycle will begin later and prove shallower than previously anticipated, ANZ Group Holdings Ltd. said after the Reserve Bank chief warned that core inflation is still too high to consider interest-rate cuts in the near term.” (See link)
  • Cash US tsys are 1-2bps richer in today’s Asia-Pac session after yesterday’s holiday.
  • Cash ACGBs are 1-2bps cheaper.
  • Today’s auction demonstrated solid pricing for ACGBs, with the weighted average yield coming in 0.94bps below the prevailing mid-yields, according to Yieldbroker. The cover ratio was higher at 3.8000x versus 2.9929x at the previous outing.
  • Swap rates are flat to 1bp higher with the 3s10s curve flatter.
  • The bills strip is cheaper with pricing -1 to -4.
  • RBA-dated OIS pricing is flat to 4bps firmer. A 25bp rate cut is not fully priced until May. 
172 words

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.

ACGBs (YM -3.0 & XM -1.0) are slightly weaker after dealing in narrow ranges in today’s Sydney session.

  • Australia's credit to businesses and consumers rose more than economists expected in October. Credit to business, consumers rose 0.6% m/m (estimate +0.5%) in October versus +0.5% in September.
  • “Australia’s easing cycle will begin later and prove shallower than previously anticipated, ANZ Group Holdings Ltd. said after the Reserve Bank chief warned that core inflation is still too high to consider interest-rate cuts in the near term.” (See link)
  • Cash US tsys are 1-2bps richer in today’s Asia-Pac session after yesterday’s holiday.
  • Cash ACGBs are 1-2bps cheaper.
  • Today’s auction demonstrated solid pricing for ACGBs, with the weighted average yield coming in 0.94bps below the prevailing mid-yields, according to Yieldbroker. The cover ratio was higher at 3.8000x versus 2.9929x at the previous outing.
  • Swap rates are flat to 1bp higher with the 3s10s curve flatter.
  • The bills strip is cheaper with pricing -1 to -4.
  • RBA-dated OIS pricing is flat to 4bps firmer. A 25bp rate cut is not fully priced until May.