Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
AUSSIE BONDS
AUSSIE BONDS: Futures continue to be underpinned by a ratcheting up in trade war
matters over the weekend, operating in a tight range, at/just above SYCOM highs
in early dealing this week. Also worth noting that China's Commerce Ministry
announced that it is launching an anti-dumping investigation on imported barley
from Australia. Some suggested that this will be interpreted as retaliation for
the AU-U.S. security deal that was signed over the weekend.
- A softer 10-Year basket bond auction did little to alleviate the bid, despite
some modest sell side flow being registered in the 3-Year space shortly after
the results hit.
- The domestic 3-/10-Year cash yield differential trades ~0.5bp flatter at
~58.5bp last, while the AU/U.S. 10-Year yield spread sits at ~-40.5bp, with AU
paper lagging Tsys' move from Friday.
- University Of Sydney launched A$ 25-Year paper at an indicative yield of 4.5%.
- Bills trade 1 tick lower to 2 ticks higher through the whites & reds, while
3-Month BBSW fixed 0.1bp lower today.
- Focus on broader risk tones ahead of RBA mins & RBA Gov. Lowe speech tomorrow.
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

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.