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Cash Closed Today, Muted Start For Futures

AUSSIE BONDS

Aussie Bond Futures sit little changed from Friday's closing levels in a muted start to the week's trade. XM deals at 95.485 (-0.01) and YM at 95.90 (-0.01).

  • A reminder that due to the NSW holiday today cash bonds are closed today.
  • 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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