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Holding Lower

AUSSIE BONDS

Futures are struggling for any fresh traction, consolidating above their respective overnight lows within tight ranges in early Sydney dealing. The cash ACGB curve has steepened, playing catch up to the overnight moves in futures, with longer end bonds running as much as 4.0bp cheaper at typing. Headline flow remains light, leaving participants somewhat sidelined ahead of the latest FOMC decision out of the U.S. and RBA Governor Lowe's latest address, which is scheduled for Thursday.

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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