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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessFutures trade just back from session...>
AUSSIE BONDS: Futures trade just back from session highs in the wake of the
RBA's latest SoMP which saw it leave its '20 inflation exp. unch. at 2.25%,
after the Bank noted that "the central scenario is for inflation to be 2.25% in
'19 & a bit higher in the following year" back on Tues (the "a bit" language was
in the statement today, but the central exp. remained unch.), modest changes
across the GDP exp. were apparent, with the longer run unemp. exp. nudged down
to 4.75% as expected. The RBA re-affirmed it sees no need for a near-term rate
hike, although it signalled increasing employment could fuel domestic inflation
down the line. The lack of change in inflation exp. put a bid into bonds.
- 3-/10-Year cash spread at ~64.0bp, AU/U.S. 10-Year spread at ~-47.0bp.
- Westpac is considering a new A$ AT1 bond, CBQ will be roadshowing for an A$
bond from November 19 and NSW priced $1.8bn worth of its 10-Year green bond at
ACGB+44bp. Elsewhere BNG will be tapping its 2029 A$ bond for a minimum of
A$25mn at swaps+52bp. ADB priced $100mn of its 2029 bond at swaps+40bp.
- Focus next week moves to AU labour market data, wage prices, inflation exp.
biz/consumer confidence, as well as an address from RBA Dep. Gov. Debelle.
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.