Free Trial

Holding Cheaper In Narrow Pre-RBA Ranges

AUSSIE BONDS

YM has given back its early Sydney uptick and is now testing its overnight low, while XM has also edged away from its early Sydney peak. Cash ACGBs run 7-9bp cheaper across the curve, bear flattening, as the overnight cheapening impulse remains intact. 3-Year EFP has pushed wider again today, resulting in a flattening of the 3-/10-Year box.

  • Bills sit 6-15bp cheaper through the reds, bear steepening, with today’s BBSW fixings delayed due to technical difficulties outlined by the ASX.
  • Domestic headline flow remains limited, with participants looking ahead to the RBA decision, which will be followed up by RBA Governor Lowe’s latest address and this year’s Melbourne Cup.
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

Close

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.