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Sidelined

BOND SUMMARY

A macro headline light Asia-Pac session did very little for broader impetus in the core FI space, after the broader flattening pressure witnessed on Monday. This made for tight ranges, with participants seemingly happy to sit on the sidelines.

  • T-Notes held a 0-02+ range as a result, last +0-00+ at 138-21, with cash Tsys sitting unchanged to 0.5bp richer across the curve.
  • JGB futures edged above 152.00, last +10, building on overnight gains, with JGBs generally trading richer and within 1.0bp of Monday's closing levels. The latest round of 2-Year JGB issuance wasn't the best received.
  • Aussie bond futures held to their respective SYCOM ranges, with YM +0.5 and XM +1.0. An appearance in front of a Senate panel from RBA's Debelle & Bullock provided little of note. 3-Month BBSW set at a fresh all-time low.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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