MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

BOC WILL BE CONSDIERING FURTHER RATE CUTS

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M 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

Marginally Extend Early Gains, Oct Employment Due Tomorrow

AUSSIE BONDS

ACGBs sit 11-14bps richer across the major benchmarks, the belly is marginally outperforming. XM (+0.1500) and YM (+0.120) have ticked higher through the session.

  • The early bid seen after the post-CPI richening in Tsys spillover into the wider space held through the session with ACGBs ticking marginally higher in the afternoon.
  • RBA dated futures are steady, a terminal rate of 4.45% is seen in June 24 with ~15bps of cuts by Dec 24.
  • There was little reaction to the Australian Q3 Wage Price Index which came in at expectations (1.3% Q/Q).
  • Due tomorrow is the October Labour Market Report, the headline unemployment rate is expected to tick higher to 3.7% from 3.6%.
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.