Free Trial

Flatter Into RBA Day

AUSSIE BONDS

The bid in U.S. Tsys dragged the Aussie bond futures curve flatter in overnight trade, leaving YM +1.0 & XM +4.0 come the bell, a touch of their respective after-hours peaks.

  • A reminder that the cash ACGB market will re-open after the elongated weekend which was observed on the back of Monday's holiday in NSW.
  • The latest RBA monetary policy decision dominates the local docket, with most looking for the central bank to renege on its tapering move, which wasn't scheduled to get underway until September (click for our full preview of the decision)
  • Elsehwere, building approvals, housing finance data and the weekly ANZ-Roy Morgan consumer confidence reading will hit.
  • The local COVID situation will also continue to generate headlines.
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.