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Lowe Up

AUSSIE BONDS

Futures had a shallow look below their overnight troughs in early Sydney trade, but last operate a touch above session lows, with light bear steepening in play. YM -5.0 & XM -6.5 at typing, while the 15- to 20-Year sector of the cash ACGB curve leads the way lower, cheapening by 7.0-7.5bp.

  • The local docket will be headlined by the minutes from the November RBA decision and an address from RBA Governor Lower, titled "Recent Trends in Inflation."
  • On the issuance side, KBN has launched a tap of its Jun '26 MTN, while Australia Pacific Airports (Melbourne) is taking IoIs on a new 10-Year line.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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