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Consolidating Overnight Gains

AUSSIE BONDS

Aussie bond futures continue to hover around overnight closing levels with a lack of notable catalysts evident early this week, while the proximity to tomorrow's RBA decision will be limiting broader market activity/conviction. As a reminder, the local COVID picture in Sydney seemingly improved over the weekend, although today's figures represented a step back from that positive development. YM +1.5, XM +5.0 at typing. Cash ACGBs have bull flattened, playing catch up to the overnight session moves in futures.

  • The aforementioned RBA monetary policy decision and subsequent address from RBA Governor Lowe headline the local docket on Tuesday (expect our full preview of the meeting to hit during the London morning).
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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