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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
Overnight Lows Hold
Aussie bond futures consolidate in the lower end of the range observed since Tuesday’s Sydney close, with YM -5.0 & XM -6.5, this comes after both contracts tested their respective overnight bases, which held. Meanwhile, wider cash ACGBs sit 4.5-6.5bp cheaper. Bills run 2-6bp cheaper through the reds, while RBA dated OIS continues to operate around levels flagged earlier on (~20bp of tightening showing for next month, alongside a terminal cash rate of 3.95-4.00%).
- Local issuance matters have provided the only real domestic points of note, with ACGB Nov-33 supply passing smoothly (see our post-auction bullet for more on that), while the semi side saw SAFA launch a new May-38 line (as much as A$1bn issued this time around), which is set to price on Thursday.
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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.