May 04, 2022 22:40 GMT
Aussie bond futures are little changed to a touch softer at the re-open, with YM +15.0 & XM +13.0 at typing.
- This comes after futures ground away from late Sydney lows as we moved through the overnight session, recovering from the perfect storm that pressured the space during the Sydney session.
- The cross-market impact from the post-FOMC bid in U.S. Tsys then facilitated a fresh leg higher late in overnight dealing, with YM and XM going out just shy of their respective post-Sydney peaks.
- Monthly building approvals and trade balance data headline the domestic docket on Thursday, with Caixin services & composite PMI data out of China set to provide a point of interest from further afield. Still, it could be the post-holiday sentiment in Chinese equities and regional reaction to the latest FOMC decision that drives the space on Thursday.