Free Trial

Lead futures hugged SYCOM closing......>

AUSSIE BONDS
AUSSIE BONDS: Lead futures hugged SYCOM closing levels before softening in the
latter part of the session alongside Tsys, likely on the back of reports
surrounding a U.S.-China phone call re: trade (between Mnuchin, Lighthizer &
Liu), although details on the matter remained light. WSJ suggested that "the
three senior officials discussed Chinese purchases of agricultural products and
changes to fundamental Chinese economic policies during the phone call, said
people familiar with the conversation. They didn't provide further details."
Elsewhere RTRS suggested that the call involved pushing the timetable forwards.
- Little to no reaction in the space to the latest house price data & NAB biz.
survey.
- YM/XM last 49.5, with some modest long end outperformance noted, while the
cash 3-/10-Year yield differential last trades at 50.7bp as a result.
- White & red Bills trade unchanged to 3 ticks lower last.
- 3-month BBSW fixed 0.3bp higher today at 1.9884%. RBA conducted 24-day reverse
repo ops at 2.104%, 45-day reverse repo ops were conducted at 2.100%.
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.