Free Trial

Knee-Jerk Lower On RBA Taper Quickly Unwound

AUSSIE BONDS

Futures knee-jerked lower on the RBA's decision to maintain its decision to implement a taper of its bond purchases in the coming days, but recovered on the fact that the guaranteed life of the previously outlined A$4bn/week bond purchases now runs until February '22 (it was previously set to be revisited in mid-November), with the Bank pointing to an increase in economic uncertainty and suggesting that pace of the economic bounce-back and it is likely to be slower than that earlier in the year. That leaves YM & XM 0.5 below yesterday's settlement levels.

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.