Free Trial

Bond futures edged higher on SYCOM,....>

AUSSIE BONDS: Bond futures edged higher on SYCOM, in sympathy with Tsys, as soft
Eurozone data and cautious Fed rhetoric supported the core FI space on Tuesday.
- YM last trades 1.5 tick higher on the day, with XM +1.0 tick. YM/XM deals at
45.00, with the cash equivalent at 45.1bp.
- Bills trade unchanged to 2 ticks higher through the reds, with 3-Month BBSW
setting ~2bp lower again today, while A$320mn worth of 13-Day RBA repo ops were
dealt at an average of 1.875%, with A$2.25bn worth of 70-Day ops dealt at an
average 2.033%, reiterating the fact that turn premium is still evident.
- Q4 wage data headlines the Australian docket today, with the RBA clinging to
the idea that a tighter labour market will result in a gradual uptick in wages.
- Also worth highlighting that S&P pointed to Australian prime home loan
delinquencies rising in December, as 90-plus days arrears hit a record high. The
agency expects refinancing pressures to remain evident.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to


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.