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Futures Lower On Global Pressure Despite Fitch’s Affirmation Of Australia’s AAA Status

AUSSIE BONDS

No reaction in Aussie bond futures as Fitch affirms Australia’s sovereign credit rating at AAA; Outlook Stable.

  • There hadn’t been much, if any, notable speculation re: a potential impending risk to the country’s AAA status, meaning there has been no market reaction to the affirmation.
  • The weakness in wider core global FI markets is the pre-dominant driver in early post-Sydney trade. That leaves YM -5.0 and XM -4.0.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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