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Modest Twist Flattening Overnight

AUSSIE BONDS

Futures twist flattened a little in overnight trade, with XM ultimately drawing some support from the bid in the U.S. Tsy space, although finishing off of best levels as Tsy gyrations dictated price action. YM finished 0.5 below Sydney settlement levels, with XM +1.0.

  • There is talk doing the rounds that Australian Treasurer Frydenberg will make an appearance today, with the speculation suggesting that he will point to a narrower than expected commonwealth fiscal deficit in the current fiscal year, although details remain a mystery.
  • Elsewhere, we will see the latest round of scheduled ACGB purchases from the RBA, in addition to job vacancies and private sector credit data.
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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