Futures Ticking Away From Overnight Highs

Aussie bond futures were not pardoned from the broader BoE inspired bid evident in core FI markets during post-Sydney dealing, although there has been a little bit of a pullback from highs in early Sydney trade, alongside a similar move in U.S. T-Notes. This leaves YM +7.5 and XM +5.5 as local participants settle into the final session of the week.

• A$1.0bn of ACGB Apr-25 supply, the release of the AOFM's weekly issuance slate and the formal publication of the RBA's updated economic forecasts, via its SoMP, present the major focal points on the local docket ahead of the weekend. Given this week's RBA decision and subsequent webinar from Governor Lowe, as well As the fact that the major economic forecasts have already been outlined, we expect the latter to be relatively inconsequential for markets.