Free Trial

Mid-Range In Narrow Pre-FOMC Trade

AUSSIE BONDS

Aussie bond futures have returned to the middle of their respective Sydney ranges after leaning on the unscheduled round of BoJ JGB purchases for support earlier in the session, lacking a real domestic catalyst to trade off ahead of the U.S. FOMC decision.

  • The 3-/10-Year yield curve operates ~16bp off cycle flats ahead of Wednesday’s FOMC decision, with the Fed’s dot pot projections set to provide the next key input when it comes to the wider global macro sphere.
  • A reminder that Australia will observe a public holiday on Thursday, while Victoria will observe a state holiday on Friday, resulting in market closures and then thinner liquidity ahead of the weekend.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.