MNI: China CFETS Yuan Index Down 0.14% In Week of Aug 16

MNI: PBOC Net Drains CNY22.4 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1415 Mon; +1.99% Y/Y

CHINA PBOC CONDUCTS CNY52.1 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1415 MON VS 7.1464

MNI BRIEF: Goolsbee Suggests Preference For Gradual Fed Cuts

Japan Jun Machine Orders 2.1% M/M

MNI JAPAN JUNE CORE MACHINE ORDERS +2.1% M/M; MAY -3.2%

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 483; GAS RIGS 98

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Narrow Ranges During A Data-Light Session, RBA Minutes Tomorrow

AUSSIE BONDS
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

ACGBs (YM -1.0 & XM -0.5) are slightly weaker, with tight ranges, in a data-light Sydney session.

  • It is a relatively light week for local data/news flow, with tomorrow’s release of the RBA’s August 6 meeting minutes the highlight. With the statement and Governor Bullock sounding slightly more hawkish, the minutes will be scrutinised, especially around the rate hike discussion to determine how serious it was. Upside risks to inflation will be another area of focus.
  • Cash US tsys are slightly mixed, with a flattening bias, in today’s Asia-Pac session after modest gains on Friday.
  • Attention now turns to the KC Fed-hosted Jackson Hole economic symposium "Reassessing the Effectiveness and Transmission of Monetary Policy," which will be held Aug. 22-24. Fed Chairman Powell speaks at 1000ET Friday Morning.
  • Cash ACGBs are flat to 1bp cheaper, with the AU-US 10-year yield differential at +5bps.
  • Swap rates are flat.
  • The bills strip has bear-flattened, with pricing flat to -2.
  • RBA-dated OIS pricing is little changed. A cumulative 18bps of easing is priced by year-end.
  • The AOFM plans to sell A$800mn of the 3.00% 21 November 2033 bond on Wednesday and A$700mn of the 2.75% 21 November 2028 bond on Friday.
196 words

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.

ACGBs (YM -1.0 & XM -0.5) are slightly weaker, with tight ranges, in a data-light Sydney session.

  • It is a relatively light week for local data/news flow, with tomorrow’s release of the RBA’s August 6 meeting minutes the highlight. With the statement and Governor Bullock sounding slightly more hawkish, the minutes will be scrutinised, especially around the rate hike discussion to determine how serious it was. Upside risks to inflation will be another area of focus.
  • Cash US tsys are slightly mixed, with a flattening bias, in today’s Asia-Pac session after modest gains on Friday.
  • Attention now turns to the KC Fed-hosted Jackson Hole economic symposium "Reassessing the Effectiveness and Transmission of Monetary Policy," which will be held Aug. 22-24. Fed Chairman Powell speaks at 1000ET Friday Morning.
  • Cash ACGBs are flat to 1bp cheaper, with the AU-US 10-year yield differential at +5bps.
  • Swap rates are flat.
  • The bills strip has bear-flattened, with pricing flat to -2.
  • RBA-dated OIS pricing is little changed. A cumulative 18bps of easing is priced by year-end.
  • The AOFM plans to sell A$800mn of the 3.00% 21 November 2033 bond on Wednesday and A$700mn of the 2.75% 21 November 2028 bond on Friday.