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Free AccessBond futures continue to hold lower....>
AUSSIE BONDS: Bond futures continue to hold lower after Friday's Powell/equity
rally/NFP-induced SYCOM sell off, with 3-Year yields 5.0bp higher at writing and
10-Year yields 7.1bp higher on the day. YM/XM trades at 51.0, with the cash
3-/10-Year yield differential last at 48.2bp.
- Bills softer as a result, with the whites and reds dealing 1-6 ticks lower on
the day.
- RBA 32-day reverse repo ops saw $1.43bn worth of 32-Day ops dealt at 1.997%.
- On the corporate issuance front guidance for CBA's new 5-Yea A$ MTN came in at
113 BPS area over SQASW/3MBBSW, while ADB has launched an inaugural A$ Green Jan
2024 Kangaroo bond.
- Domestic docket picks back up this week with AU trade balance and retail sales
headlining, although global developments are set to have more of an impact on
the space.
To read the full story
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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.