Free Trial

Holiday Lull Continues Before RBA Takes Focus


T-Notes are rangebound and last trade unch. at 132-10+, with Eurodollars last seen -0.5 to +0.5 tick through the reds & with cash Tsys closed owing to a market holiday in Tokyo. It goes without saying that JGBs also remain closed. Headline flow has been very thin thus far, with holidays in China further limiting activity in the region.

  • Australian YM trades flat & XM sits +1.5, both stick to tight ranges. Cash ACGB curve has bull flattened a tad, absorbing impetus from the U.S. Tsy space. Bills trade unch. to -1 tick through the reds. Monthly trade balance & housing finance data will be released in the lead-up to the RBA's monetary policy decision, scheduled for later today.

To read the full story



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.