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What to Watch: UofM Sentiment, Post-CPI Debate

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Richer On Bid In Global Core FI

AUSSIE BONDS

Aussie bonds print a touch shy of best levels, after benefitting from a modest bid in wider global core FI markets.

  • Cash ACGBs run 1.5-5.5bp richer across the curve, with the 10- to 12-Year zone leading the way higher. YM is +3.4 and XM is +5.0, while the 3-/10-Year EFP box has flattened, with 3-Year EFP pushing wider and 10-Year EFP little changed. Bills run 1 to 5 ticks richer through the reds.
  • There was little in the way of meaningful reaction to the release of a spread of business and consumer-related data points, with participants looking ahead to U.S. CPI data and Thursday’s domestic labour market report.
  • There are no domestic data releases of note scheduled for Wednesday.
  • Also note that RBA Governor Lowe will speak in Parliament on Friday re: the Review of the RBA’s Annual Report for 2021.
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Aussie bonds print a touch shy of best levels, after benefitting from a modest bid in wider global core FI markets.

  • Cash ACGBs run 1.5-5.5bp richer across the curve, with the 10- to 12-Year zone leading the way higher. YM is +3.4 and XM is +5.0, while the 3-/10-Year EFP box has flattened, with 3-Year EFP pushing wider and 10-Year EFP little changed. Bills run 1 to 5 ticks richer through the reds.
  • There was little in the way of meaningful reaction to the release of a spread of business and consumer-related data points, with participants looking ahead to U.S. CPI data and Thursday’s domestic labour market report.
  • There are no domestic data releases of note scheduled for Wednesday.
  • Also note that RBA Governor Lowe will speak in Parliament on Friday re: the Review of the RBA’s Annual Report for 2021.