Free Trial

Japanese MOF sells Y4.7714tn 3-Month Bills:


PREVIEW: 20-Year JGB Supply Due


Coiling Ahead Of The Weekend

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
AUSSIE BONDS: Participants looked through the latest batch of hard data and
surveys, with XM initially supported by the dynamics in U.S. Tsy futures, and
later by the RBA's choice to purchase ACGBs maturing Apr '27 - Nov '28 (after
Thursday's hiatus), leaving the curve a touch flatter on the day. There was also
a strong auction for A$1.5bn worth of ACGB 3.25% 21 Apr 2025.
- YM last +0.5, XM +3.5, with the latter just off best levels, perhaps limited
by the lack of follow through in USD/CNH above CNH7.1500 and downtick from best
levels for T-Notes.
- In terms of the aforementioned data, building approvals provided a beat vs.
exp, while ANZ job ads and the latest ABS business survey on the impact of
COVID-19 providing predictably sombre reading.
- Bills sit +1 to -1 through the reds.
- Overnight cash rate fixed unchanged at 0.14%, with cash surpluses on ES
accounts lodged at the RBA ticking lower to ~A$60bn.
- The latest RBA monetary policy decision headlines tomorrow (our full preview
will go out in the European morning).
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.