MNI INTERVIEW: Fed QT Likely To Linger After Rate Cuts Start

MNI BRIEF: BOE Markets Head Sees Wider Collateral, More Repos

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CBRT Data Watch

NBH Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Building On Overnight Gains

AUSSIE BONDS

ACGBs have built on the lead from the overnight richening in Aussie bond futures despite a downtick in U.S. cash Tsys, with the 10-Year AU/U.S. yield spread 6bp narrower on the day as a result, albeit operating well within the confines of the recent ranges

  • Cash ACGBs run 8.5-10.5bp richer across the curve, with the 10- to 12-Year zone leading the way higher.
  • YM and XM are +9.0 and +10.5 respectively, recording fresh session highs at writing. EFPs have narrowed, with the 3-/10-Year box steepening, while Bills run 1 to 9 ticks richer through the reds.
  • The latest round of ACGB Apr-29 supply went smoothly enough, with little reaction seen in ACGB trade.
  • Next week’s AOFM issuance slate will see A$1.5bn in ACGBs and A$2.0bn of Notes on offer. Aussie bonds edged higher after the release, possibly on the reduction to the DV01 on offer when compared to this week (A$916K across two ACGB auctions vs. A$1.539mn across three auctions this week).
  • Monday will see July retail sales headline the domestic data docket.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.