Free Trial

Cheaper Ahead of CPI Monthly

AUSSIE BONDS

ACGBs are holding weaker (YM -6.0 & XM -4.5) ahead of CPI Monthly data for February (released soon 0130 BST). BBG consensus is expecting another slowing in the Y/Y rate to 7.2% from 7.4% in January and 8.4% in December.

  • Cash ACGBs are 4-6bp cheaper with the 3/10 curve 2bp flatter.
  • Swap rates are 3-4bp higher with EFPs 2bp tighter.
  • Bills strip pricing is -4 to -10 with reds leading.
  • RBA dated OIS is 1-6bp firmer across meetings.

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.