MNI: Japan Sumitomo Life Eyes 30-Year JGBs Above 2%

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1048 Weds; -4.92% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1048 WEDS VS 7.1059

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: AUSTRALIA MONTHLY MAR CPI 0.4% MM, 3.8% YY

MNI:AUSTRALIA Q1 CPI +0.9% Q/Q

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Off Session Cheaps

AUSSIE BONDS

ACGBs remain heavy (YM -10.0 & XM -11.5) but off session lows as cash U.S. Tsys open 2-3bp stronger in early Asia-Pac trade. Well received Nov-33 supply also appeared to contribute to the push away from cheaps. Cash ACGBs are 9-11bp weaker on the day but 5-6bp stronger than session cheaps. AU/US 10-year yield differential is -29bp, just above its cycle low of -32bp.

  • Swaps are 9-10bp cheaper with the 3s10s 1bp steeper and EFPs 1-2bp tighter.
  • RBA dated OIS is 7-11bp firmer across meetings beyond April with 30bp of easing priced by year-end. April meeting pricing is flat.
  • On the local data front, Westpac leading Index signalled below-trend growth with a -0.06% M/M print in February after -0.12% M/M in January.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.