Free Trial
US TSYS

Repo Reference Rates

EGB FLOWS

Schatz Block trade

FOREX

FX Exchange traded option

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Comfortably Lower Overnight

AUSSIE BONDS

The bearish impetus observed in the wider core global FI space dragged Aussie bond futures lower in post-Sydney dealing, with modest bear steepening evident on the YM/XM curve after the early, UK CPI-driven bearish flattening impulse was unwound, aided by spill over from moves the U.S. Tsy market. That leaves YM -7.5 & XM -8.0 shortly after the Sydney re-open, in line with late overnight levels, a little above post-Sydney lows. Meanwhile, Bills run 2-11bp cheaper through the reds, with the back end of the whites and front end of the reds leading the weakness.

  • The latest monthly labour market report provides the highlight of the domestic docket on Thursday, with the BBG median for headline employment looking for a reading of +25K vs. the +88.4K seen in July, alongside a steady unemployment print of 3.5% and no change in the participation rate, which printed at 66.8% in July.
149 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The bearish impetus observed in the wider core global FI space dragged Aussie bond futures lower in post-Sydney dealing, with modest bear steepening evident on the YM/XM curve after the early, UK CPI-driven bearish flattening impulse was unwound, aided by spill over from moves the U.S. Tsy market. That leaves YM -7.5 & XM -8.0 shortly after the Sydney re-open, in line with late overnight levels, a little above post-Sydney lows. Meanwhile, Bills run 2-11bp cheaper through the reds, with the back end of the whites and front end of the reds leading the weakness.

  • The latest monthly labour market report provides the highlight of the domestic docket on Thursday, with the BBG median for headline employment looking for a reading of +25K vs. the +88.4K seen in July, alongside a steady unemployment print of 3.5% and no change in the participation rate, which printed at 66.8% in July.