CANADA MAR JOBLESS RATE 6.1% VS FORECAST 5.9%, PRIOR 5.8%

MNI: Canada Wages Up 5% Even With Highest Jobless Rate In 2Yrs

RPT-MNI INTERVIEW:Fed Not Restrictive, May Need To Hike-Levin

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

US MAR AVERAGE HOURLY EARNINGS +0.3% Vs FEB +0.2%; +4.1% YOY

MNI: US MAR NONFARM PAYROLLS +303K; PRIVATE +232K, GOVT +71K

US MAR UNEMPLOYMENT RATE 3.8%

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Light Bull Flattening Early On

AUSSIE BONDS

YM +1.2 and XM +3.0, a touch better bid vs. late overnight levels. Bills run -1 to +2 through the reds. The 10- 12-Year zone of the curve leads the bid in wider cash ACGB trade, richening by ~3bp.

  • Note that the curve seems to be more in tune with the bull flattening observed on European core FI curves on Monday, as opposed to the bear steepening seen in U.S. Tsys.
  • Tuesday’s domestic data docket will be headlined by CBA household spending, monthly Westpac consumer confidence, NAB business confidence and weekly ANZ-Roy Morgan consumer confidence, with A$100mn of Feb-50 index-linked paper due to be auctioned by the AOFM as well.
  • While today’s data may not be particularly market moving when considering the datapoints in isolation, the overall mix of business & consumer views will of course be worth assessing.
  • Participants also await Thursday’s labour market report.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBulletMarketsFixed Income Bullets

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