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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.
AUSSIE BONDS
The previously flagged trans-Tasman impetus stemming from a more hawkish view from ASB re: the RBNZ, coupled with the steepening witnessed in U.S. Tsys has placed pressure on the Aussie bond space ahead of the RBA decision, leaving YM -2.5 & XM -3.5 at typing.
- Both the AUD 1-Year/1-Year forward swap rate and the ACGB Apr '24/Nov '24 yield spread have consolidated a little way off of their recent hawkish extremes (we have covered dynamics in both these markets in some depth in recent weeks/months), with some profit taking/nerves surrounding the local COVID picture likely evident in recent sessions ahead of today's key RBA decision.
Fig. 1: ACGB Apr '24/Nov '24 Yield Spread (bp)
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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