Free Trial

Core FI have faded a touch, with.......>

BOND SUMMARY
BOND SUMMARY: Core FI have faded a touch, with participants on the lookout for
any fallout from the Jackson Hole symposium, which kicked off earlier today.
Elsewhere, familiar global trade & geopolitical themes remain in play.
- T-Notes last trade -0-02+ at 130-07, with cash Tsy yields sitting slightly
higher across the curve. Eurodollars trade unch. to 1.5 tick through the reds.
- JGB futures trade 9 ticks shy of settlement, at 154.89. Japanese yield curve
runs slightly steeper. Local CPI numbers were released today. Headline CPI
slowed to +0.5% Y/Y, undershooting market exp., while the BoJ-targeted core
metric remained at +0.6% Y/Y, in line with MNI median. BoJ 1-10 Year Rinban ops
provide the remaining highlight of today's session.
- Aussie bond futures edged away from lows before fading after comments from
across the Tasman Sea. RBNZ Gov Orr said that his MPC is in the position to
"wait, watch and observe what's happening" and will "assess the situation in
November." YM last -3.0, XM -5.0; cash yield curve has bear steepened, yields
sit 2.9-5.3bp higher. Bills last seen 1-4 ticks worse off through the reds. RBA
Gov Lowe will speak in Jackson Hole on Saturday.

To read the full story

Close

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.