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Cash Closed Today, Muted Session For Futures

AUSSIE BONDS

XM and YM observed narrow ranges today with little follow through on moves. Cash was closed today due to the holiday in NSW.

  • XM sits at 95.475, -0.025, and YM at 95.88, -0.03, both contracts have observed narrow ranges in a muted Asian session on Monday.
  • RBA dated futures price no change in the cash rate ahead of tomorrow's monetary policy decision. A terminal rate of 4.35% is seen in June 2024.
  • Looking at the data docket the aforementioned RBA decision provides the highlight. We also have Trade Balance crossing on Thursday.

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