Free Trial

Bond futures have edged away from......>

AUSSIE BONDS
AUSSIE BONDS: Bond futures have edged away from the early session highs, as
broader risk appetite has recovered, in what has been a lacklustre session thus
far.
- Broader gyrations in risk appetite have largely set the tone.
- AU 3-/10-Year cash yield differential last 62.8bp, 1.2bp flatter on the day,
with the AU/U.S. 10-Year cash yield spread last -44.4bp.
- Looking at the corporate slate, JPMorgan have launched a multi-tranche A$
offering, while Toyota Finance Australia have mandated banks as they consider a
3- or 5-Year A$ deal. As a reminder, late on Friday the AFR reported that
Lendlease had to abandon its A$500mn bond issue on the back of a material
write-down.
- On the semi front, SAFA are re-opening up to A$1bn of its May 2028 line.
- 3-Month BBSW fixed 0.12bp higher today, with Bills last 1 tick lower to 2
ticks higher, as the front end underperforms.
- Focus this week moves to AU labour market data, wage prices, inflation exp.,
biz/consumer confidence, as well as an address from RBA Dep. Gov. Debelle.
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.