Trial now
AUD

AUD Edges Lower After Volatile Wednesday

JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE BONDS

U.S. Tsys Help Futures To Twist Flatten Overnight

US TSYS

Post-FOMC Twist Flattening

NZD

Heavy Start

RBNZ

Reserve Bank Tightens LVR Restrictions

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

A busier afternoon session for EGBs after US inflation Core CPI missed expectation.

  • US Unrounded numbers were % M/M figures: Headline 0.474; Core: 0.329. Unrounded
  • % Y/Y figures: Headline 5.365; Core: 4.275.
  • Govies have in turn pushed off their lows. To make new session high, although we still remain in negative territory at the time of typing.
  • Despite some pullback in Bunds, the contract is in a narrow 46 ticks range (176.21/176.67).
  • Peripheral have widened further, albeit in small, with Italy leading by 2.2bps.
  • Gilts are in a 39 ticks range (129.30/129.69), and are outperforming Bund on the margin.
  • Gilt/Bund spread is 0.5bp tighter on the session.
  • Despite the pull back in the UK long end, the shorter part of the strip has kept up pace, and the curves lean steeper.
  • Looking ahead, Fed Bostic discusses Fed's role in making Economy more inclusive, Fed's George speaks to Business Economists, and CNBCs Steve Liesman will interview Kaplan on The Exchange.