Free Trial

Cheaper

AUSSIE BONDS

ACGBs sit a little off session lows, maintaining their cheapening bias after cash played catch up to the overnight bear steepening in Aussie bond futures.

  • Cash ACGBs run 1.5-6.5bp cheaper across the curve, with the 10- to 12-Year zone of the curve leading the way lower. YM is -2.0 and XM is -6.5, with the latter operating a little above its overnight lows at writing. EFPs have narrowed a little, while Bills run -2 to +2 through the reds.
  • The market looked through a speech by the RBA’s head of Domestic Markets Kearns, with the address focusing on the risks of climate change to financial markets.
  • Results from the auction of A$800mn of ACGB Nov-33 are due at the top of the hour.

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.