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Marginally Steeper

AUSSIE BONDS

Modest twist steepening has been in play, with slightly softer than expected domestic private credit data and in-line with broader exp. official Chinese PMI readings doing little for the space. The front end of the curve remains underpinned, with lifts in the white IR contracts headlining the session thus far. YM +0.5, XM -1.0, with Bills running unchanged to -2 through the reds.

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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