Free Trial

Flatter, Lowe & Semi Dynamic Eyed

AUSSIE BONDS

The curve is flatter vs. Tuesday's settlement levels, with markets continuing to exhibit their skittish tendencies, as eyes drifted back towards the swelling COVID-19 case count in the U.S. & subsequent state level mitigation measures on Tuesday. Soft U.S. retail sales data was also seen. YM +1.0, XM +6.0 at typing.

  • Closer to home, the AFR has reported that "Treasurer Josh Frydenberg will reprimand the major financial regulators for hampering the recovery from the COVID-induced recession with overzealous intervention in policymaking."
  • Semi spread dynamics will also be eyed on Wednesday, after NSW's larger borrowing requirements weighed on the broader semi space on Tuesday.
  • RBA Governor Lowe will appear on a panel at The Australian's Strategic Forum from 10.40 AEDT (23:40 London), with the Q3 wage price index reading also due.
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.