CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Firmer Start, Local Docket Empty

AUSSIE BONDS

ACGBs sit 6-9bps richer across the major benchmarks in early dealing on Wednesday. Light bull flattening is apparent.

  • Aussie bonds have found support as support from US Tsys spills over into the wider space. Tsys firmed as rate cut expectations for 2024 ticked higher yesterday.
  • RBA dated futures price a terminal rate of 4.47% in May 24. There are ~10bps of cuts by Dec 24.
  • 10 Year AU US Swap spreads are ticking marginally lower and sit at +3bps in early trade this morning.
  • Oil fell ~4.5%, its weakest day since July as weak trade data from China and a firmer USD weighed on Tuesday. WTI now sits at a touch above the $77 handle, its lowest level since 21 July. BBDXY was up ~0.3%.
  • The local docket is empty on Wednesday.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.