Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

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

A muted Sydney session for the space has seen the overnight bull flattening in futures give way to a more parallel move, with YM +6.5 & XM +7.0 at typing, as both contracts stick to narrow ranges ahead of Wednesday’s notable offshore event risk (namely U.S. CPI).

  • Cash ACGB trade sees some light outperformance for the 5- to 10-Year zone of the curve.
  • EFPs are a touch wider on the day, although the 3-/10-Year box has seen some light flattening.
  • The IR strip is -1 to +6 through the reds, with relatively limited Sydney dealing observed.
  • The latest round of ACGB Jun-51 supply went smoothly enough (there were some worries evident among desks ahead of supply), with the cover ratio holding above 2.00x and the weighted average yield comfortably through prevailing mids, to the tune of 1.86bp, per Yieldbroker. Note that the high yield was only 0.24bp above the weighted average yield, perhaps revealing some domestic demand for yield in the wake of the latest sell off, given the previously outlined worry of international investors re: market vol.
  • Local data saw a tumble in the monthly Westpac consumer confidence reading, with tighter RBA policy & higher inflation the main drivers there.
  • Looking ahead to tomorrow’s session, we will get consumer inflation expectations data.
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.