Free Trial

Cheapen After May Labour Report

AUSSIE BONDS

ACGB's are pressured after the May Labour Report showed a net gain of 75.9k jobs with the unemployment rate ticking unexpectedly lower to 3.551% falling 0.13% on the month.

  • Cash ACGB's sit 3-9bps cheaper with the curve bear flattening.
  • Futures are pressured, XM is down ~3bps and YM is down ~9bps.
  • RBA Terminal rate pricing has ticked higher with RBA-dated OIS now pricing a peak rate of 4.56% in December.

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.