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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Cheaper, Narrow Range
ACGBs are holding weaker (YM -2.0 & XM -0.5) after trading in a relatively narrow range in the Sydney session. Without economic data and meaningful news flow, the local market has been content to sit cheaper following the weaker lead from US Tsys in trade ahead of the weekend. US Tsys are little changed in Asia-Pac trade.
- The local market is closed tomorrow for the ANZAC Day holiday, ahead of Q1 CPI on Wednesday.
- Cash ACGBs are 1-2bp cheaper with the 3/10 curve 1bp flatter and the AU-US 10-year yield differential -3bp at -9bp.
- Swap rates are flat to 1bp higher with EFPs slightly tighter.
- Bills strip is steeper with pricing -1 to -4.
- RBA dated OIS is flat to 2bp firmer across meetings with a cumulative 22bp of tightening priced by August.
- The Global Times reported that an industry delegation from Australia, consisting of about 15 senior business executives across a range of sectors including financial services, healthcare, mining, energy, telecommunication and technology, will head to China this week for a tour, the first of its kind in three years.
To read the full story
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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.