Free Trial

Bear Flattening Post-U.S. CPI

AUSSIE BONDS

Aussie bond futures nudge lower in early Sydney trade, as local participants react to the overnight dynamics (centred on post-U.S. CPI gyrations) and some spill over from a very modest downtick in Tsy futures as Fed ’22 voter Mester starts her latest interview with BBG TV (see earlier bullet for more details). That leaves YM & XM a little below their late overnight session levels, running -9.5 & -2.5 vs. their respective settlement levels. Bills are 5-22 bp lower through the reds, bear flattening. The monthly labour market report headlines the domestic docket on Thursday, please see an earlier bullet re: sell-side views surrounding the release. Consumer inflation expectations data will also cross.

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.