Free Trial

Both Aussie bond benchmark contracts...>

AUSSIE BONDS: Both Aussie bond benchmark contracts opened SFE higher after a
well bid SYCOM session, the 3-Year contract was last flat at 97.850 after
peaking to its highest level this week on SFE to 97.870, the 10-Year was last
flat at 97.170 after also peaking at its highest level on SFE this week to
97.200. The contracts both began to come down after some large sales made in
TYZ7 and YMZ7.
- The bid at the start of the session was runoff from the overnight where Aussie
bonds moved higher with Tsy's, investors sought safe-havens in the afternoon
amid afternoon safe-haven buying on Iran, N. Korea worries. USGSG could not
confirm if N. Korea earthquake was manmade or not and President Trump announces
plan for Iran Friday 12:45pm ET.
- Next week we look to Tuesday's RBA minutes where analysts at RBC have said
they expect to hear more detail on the RBA's thinking on business investment and
conditions as the non-mining capex outlook improves. Thursday we have labour
data which last month came out strong.
- Yields are mixed across the curve the 3-/10-Year spread at 1bp.

To read the full story



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.