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AUSSIE 10-YEAR TECHS

(H3) Rally Fails to Meet Resistance

AUSSIE 3-YEAR TECHS

(H3) Bounce Firms For Solid Weekly Close

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No Reaction To China Data

AUSSIE BONDS

Aussie bonds have been unreactive to the Chinese data dump (firmer than expected prints for Q4 GDP, along with better than expected Dec industrial production and retail sales readings, as well as a surprise downtick in the surveyed unemployment rate) having ticked away from best levels pre-data, as U.S. Tsys traded on the backfoot. That leaves YM +1.0 on the day, while XM is -1.0. The wider cash ACGB curve has also seen some twist steepening, with the major benchmarks running 2.0bp richer to 1.5bp cheaper.

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Aussie bonds have been unreactive to the Chinese data dump (firmer than expected prints for Q4 GDP, along with better than expected Dec industrial production and retail sales readings, as well as a surprise downtick in the surveyed unemployment rate) having ticked away from best levels pre-data, as U.S. Tsys traded on the backfoot. That leaves YM +1.0 on the day, while XM is -1.0. The wider cash ACGB curve has also seen some twist steepening, with the major benchmarks running 2.0bp richer to 1.5bp cheaper.