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RBA-RBNZ Differences Grow

AUSSIE BONDS

There hasn't been anything in the way of a notable trans-Tasman impulse from the previously flagged hawkish RBNZ repricing in the wake of the latest NZ labour market data, with the differences between the RBA & RBNZ becoming more pronounced even after the RBA's decision to not stick with its tapering plans (as evidenced by the AU/NZ 2-Year Swap Spread).

  • YM -0.5, XM +0.5 at typing, with very modest twist flattening seen on the curve in early Sydney dealing.
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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