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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 AccessRBA Re-Pricing Drives, AOFM Issuance & Budget Not As Loose As Exp.
Aussie bonds saw 3-Year yields tag a fresh all-time low, with greater odds of further RBA easing priced, in addition to a budget and AOFM bond issuance update that were not as loose as most of the sell-side expected. YM +3.0, XM +4.0, a touch shy of early Sydney highs.
- Late Tuesday saw RBA watcher McCrann note that the Bank is very likely to deliver an easing package at its November meeting (see our RBA review for more colour on the decision, as well as sell-side views).
- We also saw S&P affirm Australia at AAA, outlook negative after hours on Tuesday.
- A$2.5bn worth of ACGB '31 supply was easily absorbed.
- Bills sit -1 to +2 through the reds.
To read the full story
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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.