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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessHolding Firmer Post-FOMC, Curve Bull Steepens
An FOMC-driven bid broke the tight ranges observed in Aussie bond futures during the lead up to Wednesday’s major risk event, with early Sydney trade seeing those gains consolidated. YM is +7.0 as a result, while XM also shows +7.0, both operating a touch shy of their late overnight session peaks. Meanwhile, wider cash ACGB trade sees 5.0-7.5bp of richening, as the curve bull steepens.
- The Bill strip has bull flattened, with the contracts running 4-11bp richer through the reds. RBA dated OIS continues to near enough fully price a 25bp hike for next week’s meeting, showing ~23bp of tightening, while terminal cash rate pricing shows between 3.70% & 3.75%, backing off from the ~3.80% zone post-FOMC.
- Building approvals data and the Q4 NAB business survey headline domestically today, with post-FOMC adjustments set to dominate.
To read the full story
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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.