Free Trial

Little Changed, Narrow Ranges, Light Calendar

AUSSIE BONDS

ACGBs (YMZ3 +0.4 & XMZ3 +1.6) are little changed after dealing in a narrow range in the Sydney session. In the absence of domestic drivers, the local market has drifted with US tsys in the Asia-Pac session. US tsys are ~1bp richer across benchmarks.

  • Cash ACGBs are 1-2bp richer, with the AU-US 10-year yield differential 4bp lower at -18bp.
  • Swap rates are 1-3bp lower, with EFPs tighter.
  • The bills strip has bull flattened, with pricing flat to +3.
  • RBA-dated OIS pricing is flat to 1bp softer across meetings.

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.