Free Trial
AUDUSD TECHS

Bullish Conditions Intact Despite Pullback

EUROZONE ISSUANCE

EGB Supply For W/C Aug 15, 2022

EURJPY TECHS

Bearish Price Action

EUROZONE T-BILL ISSUANCE

W/C August 15, 2022

USDJPY TECHS

Bear Trigger Remains Exposed

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

Drifting Further From Best Levels

AUSSIE BONDS

ACGB futures have backed away from overnight highs throughout the Sydney session (after retests for both YM & XM), with a pullback in U.S. Tsy futures (albeit on holiday-thinned trade) facilitating the move lower in the Aussie bond space. Cash ACGBs run 5.5bp to 7.5bp richer across the curve with the belly leading the bid. YM and XM are +7.0 and +7.5 apiece, while Bills run 2 to 11 ticks richer through the reds, bull flattening, but well shy of best levels observed since Friday’s settlement.

  • Stronger than expected housing finance data and a firmer ANZ job ads print earlier in the session failed to elicit much reaction from the Aussie bond space, keeping in mind last week’s moves in ACGBs, with proximity to Tuesday’s RBA decision likely foremost in participants’ minds.
  • Tuesday will see the S&P Global Services and Composite PMIs cross first, with the RBA’s decision due later in the day (with most looking for a 50bp rate hike).
161 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.

ACGB futures have backed away from overnight highs throughout the Sydney session (after retests for both YM & XM), with a pullback in U.S. Tsy futures (albeit on holiday-thinned trade) facilitating the move lower in the Aussie bond space. Cash ACGBs run 5.5bp to 7.5bp richer across the curve with the belly leading the bid. YM and XM are +7.0 and +7.5 apiece, while Bills run 2 to 11 ticks richer through the reds, bull flattening, but well shy of best levels observed since Friday’s settlement.

  • Stronger than expected housing finance data and a firmer ANZ job ads print earlier in the session failed to elicit much reaction from the Aussie bond space, keeping in mind last week’s moves in ACGBs, with proximity to Tuesday’s RBA decision likely foremost in participants’ minds.
  • Tuesday will see the S&P Global Services and Composite PMIs cross first, with the RBA’s decision due later in the day (with most looking for a 50bp rate hike).