MNI BRIEF: BOE Leaves Rates Unchanged In 6-3 Vote Split

MNI BOE WATCH: Bank Keeps Rate At 4.75%, But Three Vote To Cut

MNI: Canada Business Sentiment Falls After Trump Tariff Threat

MNI BRIEF: CNB Pauses Easing Cycle As Expected

MNI China Daily Summary: Thursday, December 19

MNI BRIEF: China Working On Trade-in Scheme Expansion - MOFCOM

MNI: US DEC PHILADELPHIA FED MFG INDEX -16.4

MNI: US JOBLESS CLAIMS -22K TO 220K IN DEC 14 WK

MNI: US Q3 GDP +3.1%

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, Off Bests, Underperforms US Tsys

AUSSIE BONDS

ACGBs are holding firmer (YM +3.0 & XM +3.5) but off session bests as US tsys give up early Asia-Pac trade strength. With the local calendar light, local participants were on headline watch ahead of US PPI data later today. China’s inflation misses failed to provide a lasting positive impact on the local market. The release of FOI documents that revealed the RBA had considered alternative scenarios with a peak cash rate of 4.8% also didn’t spark a notable market reaction.

  • Cash ACGBs are 4bp richer with the AU-US 10-year yield differential +4bp at -2bp.
  • Swap rates are 5bp lower with EFPs slightly tighter.
  • The bills strip twist flattens with pricing -2 to +9.
  • RBA-dated OIS pricing is flat to 1bp firmer out to November, but 2-5bp softer for early ’24 meetings. Terminal rate expectations are at 3.91% (August).
  • There is no local data slated for tomorrow.
  • The global calendar sees the BoE Rate Decision, with a 25bp hike expected, ahead of April’s US PPI data.
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.