Free Trial

Flatter On Wider Impetus

AUSSIE BONDS

Futures bull flattened overnight, driven by the weakness in equities/bid in U.S. Tsys. Early Sydney trade sees YM +8.0 and XM +12.5, operating a touch shy of their respective overnight peaks. The bill strip runs 3-9bp richer through the reds, bull flattening.

  • Labour market data headlines the domestic docket today, although shouldn’t be a gamechanger for RBA policy settings given the well-documented tight nature and continued outperformance vs. RBA expectations in recent times. Note that the IB strip currently prices a year end cash rate of ~2.70%, 7-8bp below Wednesday’s late Sydney levels, owing to the wider risk-off dynamic observed after the Sydney close.
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.