Free Trial

Much stronger than expected AU.........>

AUSSIE BONDS
AUSSIE BONDS: Much stronger than expected AU labour market data weighed on AU
Bonds after a sedate start to the session, with outright futures operating
at/near session lows last.
- The headline change in employed persons came in at +44.0K vs. MNI Median
+15.0K as full- and part-time employed numbers rose, with the unemployment rate
holding steady at 5.3% as exp. on the back of an uptick in the participation
rate to 65.7% from 65.5%.
- The AU curve has bear flattened with the 3-/10-Year yield differential last
dealing at 56.5bp, while the AU/U.S. 10-Year spread trades back at ~-36.0bp as
AU paper underperformed on the labour market induced sell off.
- The Bill strip is trading 1 to 2 ticks softer. 3-Month BBSW fixed ~0.7bp lower
at 1.9267%.
- On the corporate issuance front, AT&T launched 5-, 7- & 10-Year fixed & 5-Year
FRN kangaroo lines, while SocGen launched 5-Year paper.
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.