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Downtick After RBA Fails To Deploy Off Schedule Purchases

AUSSIE BONDS

Weakness seen in the Aussie bond space over the last couple of hours or so, with YM -1.5 and XM -4.5 at typing, as the latter trades through SYCOM lows, but sits just off of Sydney lows at typing. Participants pushed the space lower after the RBA failed to step in with off schedule 3 ACGB purchases to reinforce its 3-Year ACGB yield target on the latest uptick in yields, after it chose to do so earlier this week.

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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