MNI BRIEF:NGEU To Lift Growth Less Than Expected -ECB Bulletin

MNI BRIEF: US Hiring, Pay Growth Continue Downshift- ADP

MNI BRIEF: EZ Short-Term Uncertainty Low, Long-Term High -ECB

MNI China Daily Summary: Wednesday, January 8

MNI: PBOC Net Injects CNY1.1 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1887 Weds; -2.33% Y/Y

MNI:US NOV WHOLESALE INV -0.2%; SALES 0.6%

MNI: US JOBLESS CLAIMS -10K TO 201K IN JAN 04 WK

MNI: US MBA: MARKET COMPOSITE -3.7% SA THRU JAN 03 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUSSIE BONDS: Slightly Richer, US Tsys Little Changed After Holiday

AUSSIE BONDS
BulletAPACFixed Income BulletsAustraliaMarkets

ACGBs (YM +2.0 & XM +2.5) are richer despite US tsys finishing Thursday’s session little changed. US tsys regained early losses after a blockbuster auction for freshly issued seven-year notes. 

  • Volumes were light on the day with European markets still closed for the Christmas holiday.
  • Limited data reaction: Initial jobless claims came out near steady in the Dec 21 week, coming in at 219k (220k prior, unrevised), thus coming in a little below the 223k expected. However, continuing claims (Dec 14 week) were more mixed: the 1,910k was above the 1,881k expected but this was offset by a 13k downward revision to prior (1,864k).
  • Friday US data calendar: Advance Goods Trade Balance (-$101.3B, -$98.3B prior rev), Wholesale Inventories MoM (0.2%, 0.1%) and Retail Inventories MoM (0.1%, 0.3%) at 0830ET.
  • Cash ACGBs are2-3bps richer as trading resumed after the extended Christmas holiday with the AU-US 10-year yield differential at -17bps.
  • Swap rates are 3-4bps lower.
  • The bills strip is slightly stronger, with pricing flat to +2.
  • RBA-dated OIS pricing is slightly softer. A 25bps rate cut is more than fully priced by April (123%). A February cut is a 62% chance according to pricing.
  • Today, the local calendar is empty.  
193 words

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.

ACGBs (YM +2.0 & XM +2.5) are richer despite US tsys finishing Thursday’s session little changed. US tsys regained early losses after a blockbuster auction for freshly issued seven-year notes. 

  • Volumes were light on the day with European markets still closed for the Christmas holiday.
  • Limited data reaction: Initial jobless claims came out near steady in the Dec 21 week, coming in at 219k (220k prior, unrevised), thus coming in a little below the 223k expected. However, continuing claims (Dec 14 week) were more mixed: the 1,910k was above the 1,881k expected but this was offset by a 13k downward revision to prior (1,864k).
  • Friday US data calendar: Advance Goods Trade Balance (-$101.3B, -$98.3B prior rev), Wholesale Inventories MoM (0.2%, 0.1%) and Retail Inventories MoM (0.1%, 0.3%) at 0830ET.
  • Cash ACGBs are2-3bps richer as trading resumed after the extended Christmas holiday with the AU-US 10-year yield differential at -17bps.
  • Swap rates are 3-4bps lower.
  • The bills strip is slightly stronger, with pricing flat to +2.
  • RBA-dated OIS pricing is slightly softer. A 25bps rate cut is more than fully priced by April (123%). A February cut is a 62% chance according to pricing.
  • Today, the local calendar is empty.