Free Trial

A$ Rallies On More Hawkish RBA Outlook


Bounce Considered Corrective

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

Long End GoCs Outperform With Various Factors At Play

  • GoCs move in lockstep with Treasuries at the front end (2YY -2.9bps vs -2.7bp Tsys) but have seen growing outperformance at the long end (10YY -6.2bps vs +2.6bp for Tsys).
  • Long-end outperformance accelerated after the local 5Y auction, whilst Foreign Minister Joly called China an “increasingly disruptive global power”.
  • Whilst not a direct driver but broadly supportive of the move, real estate lender Romspen halting redemptions because “loan payoff activity remains suppressed” added to anecdotal evidence of pressures from high household debt.

To read the full story

Why Subscribe to

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.