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

Bear Flattening

AUSSIE BONDS

Aussie bonds are off their extremes but sit comfortably cheaper on the day, having maintained the bulk of their early cheapening bias (which was attributable to the bearish impetus from core FI markets observed on Monday), as Asia-Pac equity weakness helped the space find a bit of a base.

  • Cash ACGBs run 5.5-9.0bp cheaper across the curve, bear flattening. YM is -8.5 while XM is -7.5, with both contracts operating a little above their respective session lows. EFPs have widened, with the 3-/10-Year box steepening, while Bills run 3 to 17 ticks cheaper through the reds, bear steepening.
  • The weekly ANZ-Roy Morgan consumer confidence index saw a second consecutive uptick, but remains comfortably below the breakeven 100 level.
  • Wednesday’s local docket will see A$800mn of ACGB Apr-29 on offer, with no economic data releases of note scheduled.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.