Free Trial

No Curve Balls In SoMP, Supply Well Received

AUSSIE BONDS

Futures hold to ranges established in early Sydney trade in the wake of the release of the RBA's latest SoMP given the guidance already seen earlier this week (headline economic projections available in earlier bullet). YM +0.5, XM +1.5. The A$800mn auction of ACGB Nov '24 went well, with the cover ratio moving higher vs. the prev round of supply for the line, while the weighted average yield printed 0.74bp through prevailing mids at the time of supply (per Yieldbroker pricing).

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.