Free Trial

Pre-RBA Drift Lower Continues

AUSSIE BONDS

The pre-RBA Sydney drift lower continues, with YM -6.5 and XM -4.5 at typing,. The former remains within the range witnessed in overnight dealing, while the latter is testing its overnight base. Headline flow remains light, with focus squarely on today’s RBA monetary policy decision. The 3- to 5-Year zone of the cash ACGB curve is leading the weakness, pointing to a focus on the RBA. Meanwhile, the IR strip runs 1 to 7 ticks lower through the reds, bear steepening.

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

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.