Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

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

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 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.