Free Trial
JGB TECHS

(M2) Trend Condition Remains Bearish

AUSSIE BONDS

Firmer Overnight

AUD

Bears Remain In Control

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
AUSSIE BONDS
AUSSIE BONDS: Little to report in the space over the last hour or so after front
Bond futures struggled to follow through at/around contract highs on the early
round of risk off flows witnessed today and trade a couple of ticks or so back
from best levels last.
- Comments from the RBA's Kent hit early today. Kent noted that the Australian
economy is making some progress on unemployment and inflation but highlighted
that it is gradual. Kent also reiterated that the next move in the cash rate is
likely up but didn't rule out a cut if warranted. Kent also noted that there is
a risk that bank credit supply tightens unnecessarily and seemed worried that
banks have tightened loans to small firms.
- The YM/XM spread trades a touch flatter at 50.5, while the cash 3-/10-Year
yield differential trades ~1.8bp flatter at 51.2bp last. Tsys have outperformed
AU paper on the latest leg higher, with the AU/U.S. 10-Year spread last ~40.7bp.
- The white & red Bill contracts trade 1 tick lower to 1 tick higher at writing.
RBA conducted 65-day reverse repos at 2.082%, while 3-Month BBSW fixed 0.04bp
higher today.
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

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.