FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Slightly Stronger After CPI Monthly Prints In-Line

AUSSIE BONDS

ACGBs (YM +3.0 & XM +3.0) are slightly firmer after the CPI Monthly for August prints in line with expectations at +5.2% y/y, up from +4.9% in July. This is the first re-acceleration in inflation in 4 months, with prices of insurance and financial services gaining the most across all categories. Transportation re-accelerated from +0.3% y/y to +7.4%.

  • (Bloomberg) Australia’s monthly inflation gauge accelerated, reflecting global trends amid higher oil prices, bolstering the case for the Reserve Bank to hike at least one more time. (See link)
  • US tsys are holding richer in early trade in Asia, ranges remain narrow and little meaningful macro news flow has crossed. This leaves cash tsys ~2bp richer across the major benchmarks.
  • Cash ACGBs are 3-4bps richer on the day, with the AU-US 10-year yield differential unchanged at -15bps.
  • Swap rates are 3-4bps lower on the day.
  • The bills strip is richer, with pricing flat to +4. This marks a dramatic shift from this morning's bear-steepening.
  • RBA-dated OIS pricing is flat to 2bp softer across meetings after the CPI 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.