MNI BRIEF: US October Core PCE YoY Rate Rises To 2.8%

MNI NOV CHICAGO BUSINESS BAROMETER 40.2 VS OCT 41.6

MNI China Daily Summary: Wednesday, November 27

MNI BRIEF: Hungarian Banks Strong, But Risks Remain - NBH

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

US EIA:NAT GAS STORAGE -2 BCF TO 3,967 BCF NOV 22 WK

EZ/UK Bond Supply Calendar: Italy Auction, Finland ORI Thurs

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Slightly Richer After August Employment Beats, But Composition Less Robust

AUSSIE BONDS

ACGBs (YM +2.6 & XM +3.5) are 1-3bp richer after the data drop despite the August employment report beating expectations (+64.9k jobs versus +25k est.). However, the composition of the jobs report was less constructive, with most of the increase in employment being part-time (+62.1k) and the unemployment rate remaining unchanged at 3.7%.

  • Earlier, the Melbourne Institute’s consumer inflation expectations for September eased to 4.9% in August from 5.2%.
  • Cash ACGBs are 3-4bp richer on the day, with the AU-US 10-year yield differential +1bp at -12bp.
  • Swap rates are flat to 3bp lower on the day, with 3-year EFP wider.
  • The bills strip is mixed, with pricing -2 to +3.
  • RBA-dated OIS pricing is little changed across meetings after the employment report, with terminal rate expectations unchanged at 4.19%.
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.