Free Trial

Muted

AUSSIE BONDS

Relatively muted Sydney trade observed thus far. Participants haven't been willing to latch onto the recent headline flow, leaving YM +0.5 & XM +1.5 at typing. Local data was mixed, with private sector credit topping exp., building approvals missing and a slightly narrower than exp. Q2 BoP current a/c surplus observed alongside an as exp. net export contribution to GDP reading (-1.0ppt). The space also looked through the previously flagged Chinese PMI readings and today's NSW COVID case count, which was a little shy of yesterday's record print.

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.