Free Trial

Aussie bonds stayed up within a 4......>

AUSSIE BONDS
AUSSIE BONDS: Aussie bonds stayed up within a 4 tick range today, 3-Year
currently up 2 ticks at 97.810, the 10-Year up 3 ticks at 97.1700, benchmarks
saw session highs after headlines came down on N. Korea's Yonhap suggesting Kim
Jong-Un's response to further sanctions could include a hydrogen bomb test.
Contracts saw a sell off yesterday during SYCOM despite Pres. Trump citing more
sanctions on N. Korea and reactionary comments from Pres. Kim Jong-un. 
- No data in Aus today but Governor Lowe spoke yesterday providing cautious but
less dovish comments on the future of Australia's economy, he said borrowers
should 'prepare for higher interest rates,' this caused a 4 tick price movement
upwards. 
- Yields remained low throughout the session, 3-Year is currently down 2.9bp and
10-Year down 3.6bp. 
- Nickel/Iron Ore saw dips following a drop in S&P's rating of China this saw
downward pressure on the ASX200 which supported bonds.
- The AOFM sold A$800mln 2028 bonds, cover was at 3.7x, almost 1x higher than
previously auctioned with just 1.8% allotted at high yield.

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.