Free Trial

Bid In Lieu Of WPI

AUSSIE BONDS

Aussie bonds pull away from session lows as the Q4 WPI print of +3.3% Y/Y provides a miss vs. wider market & RBA expectations, which stood at +3.5% Y/Y, although we should remember that the RBA has flagged signals from business re: increasing near-term wage pressure. YM -2.0 & XM -7.0, comfortably off worst levels of the day post-data, with terminal cash rate pricing coming in to sit just above 4.25% after sitting around 4.35% pre-data. Cash ACGBs run 2-7bp cheaper, with 10s weakening the most on the curve.

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.