Free Trial

Recovery Alongside U.S. Tsys After Lower Lows for XM

AUSSIE BONDS

The space corrected from worst levels of the overnight session as U.S. Tsys recovered in the wake of the 10-Year Note auction, leaving the curve a little flatter in early Sydney dealing, with YM unch. and XM +1.0. Overnight trade did see the latter register another lower low. Swaps rates a touch higher and a little wider vs. cash ACGBs this morning.

  • In local news, The Australian covered comments from a Chinese embassy official who accused Australia of 'weaponising the concept of 'national security,' with the comments surrounding a failed A$300mn Chinese bid for an Australian construction company, which was scuppered by Australian Treasurer Frydenberg.
  • Surplus E/S balances lodged at the RBA have recorded another fresh all-time high.
  • Job vacancies headline the local docket on Wednesday.
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.