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BLOCK, Apr'23 SOFR Put Spd

US EURODLR FUTURES

Post-LIBOR Settle Update: Tighter Policy Pricing Moderates

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SONIA FIX - 22/03/23

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Dragged Away From Highs On Wider Cheapening

AUSSIE BONDS

The weakness that we have flagged in JGBs (and U.S. Tsys) has dragged ACGBs away from best levels, with a lack of major headline flow evident. YM +5.0 at typing, while XM is -3.0, with twist steepening apparent as the curve pivots around 7s. The bond-driven nature of the post-BoJ moves continues, with EFPs tightening in Sydney hours.

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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