Free Trial

Bear Flattening, Following the Wider Impetus, Again

AUSSIE BONDS

Another session of tracking the wider impetus for the Aussie bond space, with a lack of idiosyncratic market drivers evident during Sydney dealing. That leaves YM -11.5 and XM -9.0, with overnight/early Sydney lows still intact. Cash ACGB trade sees the 3- to 5-Year zone providing the weak point, while 30s sit ~6.5bp cheaper on the day. Bills run 5-13 ticks lower through the reds, with the front end of the strip registering fresh session lows in recent dealing. Domestic focus is on the release of the Federal Budget, slated for Tuesday.

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.