MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

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, Narrow Range, CPI Monthly Tomorrow

AUSSIE BONDS

ACGBs are showing strength in the Sydney session (YM +4.0 & XM +3.5). The trading range has been relatively narrow given the lack of significant domestic drivers.

  • US tsy futures are slightly cheaper in Asia-Pac trade, after giving up early strength.
  • Cash ACGBs are 3-4bp richer with the AU-US 10-year yield differential -1bp at +19bp.
  • Swap rates are 3-4bp lower with the 3s10s curve steeper. EFPs are little changed.
  • The bills strip bull flattens with pricing flat to +7.
  • RBA-dated OIS pricing is 1-5bp softer across meetings. A 36% chance of a 25bp hike at the July meeting is priced.
  • Consumer confidence increased by 2.5 points last week, but the index remained below 80 points for the 17th straight week, according to a survey by ANZ Bank and pollster Roy Morgan. Consumer confidence remains at levels comparable to a highly destructive recession in the early 1990s.
  • Tomorrow sees the release of CPI Monthly (May) ahead of Thursday's release of Retail Sales (May). CPI monthly is expected to print at 6.1% y/y, after the unexpected jump to 6.8% in April. Meanwhile, retail sales are expected to provide further confirmation that the consumer slowdown is underway.
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.