MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Local Participants On The Sidelines Ahead Of US CPI Data

AUSSIE BONDS

ACGBs (YM -2.0 & XM -2.0) show a slight weakening following a subdued trading session, ahead of crucial US CPI data later today. The domestic market lacked significant catalysts, with the previously highlighted trade balance data failing to have a substantial impact on market movements.

  • Asian participants, too, have demonstrated a cautious approach to US tsys, opting to remain on the sidelines. This has resulted in minimal changes in cash US tsys during today's Asia-Pacific session.
  • Cash ACGBs are 1-2bps cheaper, with the AU-US 10-year yield differential 1bp wider at +11bps.
  • Swap rates are 2-3bps higher, with EFPs slightly wider.
  • The bills strip has slightly bear-steepened, with pricing flat to -4.
  • RBA-dated OIS pricing is flat to 3bps firmer across meetings, with December leading. A cumulative 51bps of easing is priced by year-end.
  • Tomorrow, the local calendar is relatively light, with Home Loans data as the sole release.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.