Free Trial
ASIA FX

Divergence With CNH Persists

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

Looking Through CPI

AUSSIE BONDS

Aussie bond futures shrug off the domestic monthly CPI print for August, even with underlying inflation clearing the 6.0% level (the RBA currently looks for underlying inflation to hit 6.0% in Q422), while the headline print eased a touch, back to 6.8 Y/Y vs. the 7.0% seen in July.

  • Participants haven’t really latched onto the release, as it is a new print and seemingly subject to quite a bit of statistical noise.
  • YM +12.5 & XM +17.5 last, with the former seeing a very brief and shallow downtick around the data. 10s still outperform on the wider curve, with the major cash ACGB benchmarks running 9.5-18.0bp richer on the session. Bills run 2-15bp richer through the reds.
  • Elsewhere, we also saw a 2.1% fall in the job vacancies print (which is measured in Q/Q terms), accompanied by an upward revision to the prior print.
144 words

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.

Aussie bond futures shrug off the domestic monthly CPI print for August, even with underlying inflation clearing the 6.0% level (the RBA currently looks for underlying inflation to hit 6.0% in Q422), while the headline print eased a touch, back to 6.8 Y/Y vs. the 7.0% seen in July.

  • Participants haven’t really latched onto the release, as it is a new print and seemingly subject to quite a bit of statistical noise.
  • YM +12.5 & XM +17.5 last, with the former seeing a very brief and shallow downtick around the data. 10s still outperform on the wider curve, with the major cash ACGB benchmarks running 9.5-18.0bp richer on the session. Bills run 2-15bp richer through the reds.
  • Elsewhere, we also saw a 2.1% fall in the job vacancies print (which is measured in Q/Q terms), accompanied by an upward revision to the prior print.