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Nudging Higher

AUSSIE BONDS

It looks like the bid in the U.S. Tsy space, (perhaps linked to the earlier Russian attack on a Ukrainian facility that contains an experimental nuclear reactor, with a nearby hostel catching fire, and/or worry re: Chinese equities, outlined elsewhere) has supported ACGBs, with YM -1.8 and XM -1.9 at typing. Cash ACGB trade sees the 7- to 12-Year zone underperform, while roll flow & dynamics continue to provide the main area of interest for participants.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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