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Cheaper, But Off Lows

AUSSIE BONDS

ACGBs have moved in relatively parallel fashion since yesterday’s settlement, with the previously outlined pressure in U.S. Tsys observed over that time applying weight. YM -5.5 & XM -6.0 at typing as a result, with cash ACGBs running 4-6bp cheaper across the curve, as the 7- to 12-Year zone leads the way lower. Note that the space operates a touch above early Sydney cheaps. The local docket is empty for the remainder of the session, while local news flow remains light, at best.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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