May 20, 2022 02:44 GMT
Coiling Ahead Of The Weekend
AUSSIE BONDS
Aussie bond futures have been happy to hug tight ranges thus far, generally tracking gyrations in risk sentiment, with participants on the sidelines ahead of the weekend, filtering through news re: domestic political matters. That leaves YM +5.5 and XM +7.5 at typing, with the contracts never straying too far from late overnight levels during the first half of Sydney trade. 10s provide the firmest point on the wider cash ACGB curve. EFPs are a touch tighter today, with the 3-/10-Year EFP box flattening. Bills run 2-7bp firmer through the reds.
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