MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUSSIE BONDS: Treading Water Ahead Of US Retail Sales Later Today

AUSSIE BONDS
RegionGlobalBulletAPACFixed Income BulletsAustraliaMarkets

ACGBs (YM -2.2 & XM flat) are slightly weaker after a data-light session.

  • Cash US tsys are flat to 1bp cheaper, with a slight steepening bias, in today’s Asia-Pac session after yesterday’s modest rally. Today's US calendar sees Retail Sales, Industrial Production and a 20y bond auction.
  • Cash ACGBs are flat to 2bps cheaper, with the AU-US 10-year yield differential at +19bps.
  • Swap rates are flat to 2bps higher, with the 3s10s curve flatter.
  • The bill strip has bear-steepened, with pricing flat to -3 across contracts.
  • RBA-dated OIS pricing is slightly mixed. A cumulative 20bps of easing is priced by year-end.
  • Tomorrow's local calendar will see Westpac Leading Index and a speech from Brad Jones, RBA Assistant Governor (Financial System). The calendar’s highlight will be August’s Employment Report on Thursday.
  • Tomorrow, the AOFM plans to auction A$1.0bn of the 3.75% 21 April 2037 bond, followed by a sale of A$500mn of the 3.25% 21 April 2029 bond on Friday.
153 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 -2.2 & XM flat) are slightly weaker after a data-light session.

  • Cash US tsys are flat to 1bp cheaper, with a slight steepening bias, in today’s Asia-Pac session after yesterday’s modest rally. Today's US calendar sees Retail Sales, Industrial Production and a 20y bond auction.
  • Cash ACGBs are flat to 2bps cheaper, with the AU-US 10-year yield differential at +19bps.
  • Swap rates are flat to 2bps higher, with the 3s10s curve flatter.
  • The bill strip has bear-steepened, with pricing flat to -3 across contracts.
  • RBA-dated OIS pricing is slightly mixed. A cumulative 20bps of easing is priced by year-end.
  • Tomorrow's local calendar will see Westpac Leading Index and a speech from Brad Jones, RBA Assistant Governor (Financial System). The calendar’s highlight will be August’s Employment Report on Thursday.
  • Tomorrow, the AOFM plans to auction A$1.0bn of the 3.75% 21 April 2037 bond, followed by a sale of A$500mn of the 3.25% 21 April 2029 bond on Friday.