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RBA Minutes Due

AUSSIE BONDS

Futures softened a little during a very limited overnight session after the elongated local weekend, as the momentum in the U.S. Tsy space saw some partial spill over. That left YM -2.3 and XM -2.0 at the end of after-hours dealing (quoting the U1 contracts).

  • A reminder that the minutes from the RBA's June meeting will be released today, with focus on any deeper insight surrounding the well-documented tweaks to the RBA's rhetoric, which saw the Bank look to embed a greater sense of optionality ahead of its key July meeting (where it will make decisions on the future of its 3-Year yield targeting scheme and broader bond purchase plan). Q1 house price data will also hit.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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