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Little Movement In Wake Of Latest RBA Rhetoric


Aussie bonds have steadied over the last 90 minutes or so, with the major bond futures trading little changed to a touch higher vs. levels observed ahead of RBA Deputy Governor Bullock’s latest address and the release of the RBA meeting minutes.

  • Ultimately, the latest rounds of RBA communique did little to move the needle after the Bank stepped down to a 25bp rate hiking pace earlier this month, with Bullock flagging well-known economic considerations, active debate re: monetary policy decisions and the advantages of the RBA’s frequent monetary policy meeting schedule.
  • YM +1.5 & XM +5.0, with the 10- to 12-Year zone still outperforming on the wider ACGB curve. EFPs hold wider, albeit back from session extremes. Bills sit unch, to 8bp cheaper through the reds, with the early bear flattening holding.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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