Free Trial

ACGB Nov-33 Supply Passes Smoothly


ACGB Nov-33 Auction Results


(H3) More Stable After January Volatility


Futures Little Changed Overnight, Rinban Due

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

Notably Firmer As The Day Wore On


Aussie bonds generally tracked the relatively limited U.S. midterm-driven gyrations in U.S. Tsys during the first half of the Sydney session, before extending higher and outperforming after a shallower bid came into Tsys.

  • We didn’t see much in the way of overt domestic/idiosyncratic triggers to drive the outperformance, which extended as the major futures contracts made a meaningful break above their respective overnight highs, leaving cross-market moves and the breach of overnight session highs at the fore when it comes to explainers.
  • Softer than expected Chinese CPI data may have helped the space find a base earlier in the session, with the passage of yesterday’s ACGB May-34 syndication also removing supply-related pressure.
  • That left YM +11.0 & XM +17.0 at the close. Cash ACGBs sit 10-17bp richer across the curve, after 10s outperformed all day.
  • EFPs were wider, with the 3-/10-Year box bull steepening.
  • Bills print 2-9bp richer through the reds, bull flattening.
  • Looking ahead, an address from RBA Deputy Governor Bullock, with the topic of “The Economic Outlook” in front of the ABE annual dinner headlines during the Sydney evening.
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.