Free Trial

Flatter On SA "Pause" & ACGB Cash Flow


The dynamic in U.S. Tsys and earlier flagged "pause" (social restrictions) implemented in South Australia on the back of the local COVID situation has provided some support for the Aussie bond space in a fairly lacklustre Sydney session, allowing the overnight flattening impetus to extend at the margin. YM finished +1.0, with XM +7.0.

  • As we have flagged previously, ACGB cash flow dynamics were likely supportive given the impending coupon/maturity schedule and the fact that the AOFM's A$6.0bn tap of ACGB May '41 has now passed.
  • RBA Governor Lowe offered nothing of any real note in his latest appearance (which was a bit of a given on the back of the recent deluge of RBA communique).
  • Bills finished unchanged through the reds.
  • The monthly labour market report headlines tomorrow's local docket.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.