Free Trial

Firmer On In Line Wage Data

AUSSIE BONDS

YM & XM move away from Sydney session lows as Q3 wage price data fails to provide any upside surprise, meeting broader expectations (+0.6% Q/Q & +2.2% Y/Y). A reminder that the RBA has continually pointed to the likelihood that wages will need to rise by at 3+% Y/Y to foster the inflationary outcome that it desires. YM +1.5 & XM -2.0 at typing, with YM outperforming post-data.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.