Free Trial
US TSYS/SUPPLY

Review 20Y Bond Auction - Large Tail

EURUSD TECHS

Still Trading Inside The Bear Channel

US TSYS/SUPPLY

WI 20Y Bond

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

Edging Higher; RBA SoMP Eyed

AUSSIE BONDS

Aussie bonds have richened after the cash open as Sydney participants react to the wider movements observed in core FI markets in the wake of Thursday’s BoE decision, with a light bid in U.S. Tsys aiding the move higher in the space. Little by way of notable macro headline drivers have been observed so far, with focus centred on the RBA’s quarterly Statement on Monetary Policy (SoMP), due later. Cash ACGBs run 2.0-6.5bp richer across the curve, with the belly leading the bid. YM is +4.5 and XM is +7.0, with the latter showing through its overnight high. Bills run 1 to 5 ticks richer through the reds, bull flattening.

  • Results from the latest round of A$700mn ACGB Apr-27 supply are due at the top of the hour, with the RBA’s SoMP and the weekly AOFM issuance slate due after.
140 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.

Aussie bonds have richened after the cash open as Sydney participants react to the wider movements observed in core FI markets in the wake of Thursday’s BoE decision, with a light bid in U.S. Tsys aiding the move higher in the space. Little by way of notable macro headline drivers have been observed so far, with focus centred on the RBA’s quarterly Statement on Monetary Policy (SoMP), due later. Cash ACGBs run 2.0-6.5bp richer across the curve, with the belly leading the bid. YM is +4.5 and XM is +7.0, with the latter showing through its overnight high. Bills run 1 to 5 ticks richer through the reds, bull flattening.

  • Results from the latest round of A$700mn ACGB Apr-27 supply are due at the top of the hour, with the RBA’s SoMP and the weekly AOFM issuance slate due after.