MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Richer, At Sydney Session Highs, House Finance Misses

AUSSIE BONDS

ACGBs (YM +4.0 & XM +5.5) are at Sydney session highs. Housing finance data for July misses, with a print of -1.2% m/m versus expectations of flat. The release, as expected, has generated little market reaction. Dealings remain muted, with narrow ranges, ahead of the highly anticipated US Non-Farm Payrolls data released later today.

  • US tsys are flat to 1bp richer in Asia-Pac trade, with the curve steeper.
  • Cash ACGBs are 4-5bp richer, with the AU-US 10-year yield differential 6bp lower at -13bp.
  • Swap rates are 4-5bp lower.
  • The bills strip has bull-flattened, with pricing +1 to +4.
  • RBA-dated OIS pricing is flat to 2bp softer across meetings out to May’24. A 3% chance of a 25bp hike is priced for September.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.