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Free AccessOn The Front Foot To Start The Week
ACGBS have squeezed higher to start the week, with YM & XM both +1.0 at typing, a little off their respective Sydney peaks, while wider cash ACGBs sit 1-2bp richer on the day.
- We haven’t seen much in the way of an overt headline driver for the move higher in early Sydney trade (which is more pronounced vs. late overnight levels in futures as opposed to net daily terms).
- One matter to consider may be the impending round of FTSERussell WGBI index inclusion for NZGBs, which could be providing some trans-Tasman impetus as NZ swap spreads have widened as the long end of the NZGB curve rallies from early session cheaps.
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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.