Free Trial

Away From Early Sydney Lows

AUSSIE BONDS

The space has ground away from the early Sydney lows that were likely experienced on the back of broader flows re: the Japanese political dynamic & onshore participants reacting to Friday's post-Sydney rally, with XM actually providing a brief show through its overnight high in the process, leaving YM +13.0 and XM +15.5 at typing. There hasn't been much in the way of meaningful headline flow to jolt the space thus far, with the RBA buying the typical amount of ACGBs in scheduled operations today. The Bank did not step in to buy ACGB Apr-24. A reminder that consensus now looks for the Bank to drop its YCT mechanism at tomorrow's decision.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.