Free Trial

Bond futures legged higher following...>

AUSSIE BONDS
AUSSIE BONDS: Bond futures legged higher following the fall in U.S. index
futures after the cash close Thursday, with the latest yuan related risk-off
flows adding a further layer of support to the space. That being said, YMZ8
bulls have failed to clear 97.95 thus far. The contract has lacked follow
through after a brief look above yesterday, with recent highs/Fibonacci
resistance in play in the region.
- The domestic 3-/10-Year cash yield differential has flattened to 59.0bp on the
latest move lower in yields, with the AU/U.S. 10-Year yield differential sitting
at ~51.5bp.
- Next week's AOFM issuance schedule looks a little light with A$1.0bn of the
3.25% 21 April 2029 Bond on tap next Friday.
- The Bill strip trades virtually unchanged last, 3-Month BBSW fixed ~0.1bp
higher, while repo rates hit a new month-to-date high.
- Highlights next week include the releases of Australian CPI on Wednesday,
trade balance on Thursday & retail sales on Friday. Elsewhere, RBA Assistant
Gov. Bullock speaks in Sydney on Tuesday.
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.