Free Trial

Some Light Pressure At The Re-Open, After Overnight Cheapening

AUSSIE BONDS

YM prints -8.0 & XM sits -7.0 shortly after the Sydney re-open, with the former through its overnight lows and the latter just above its own post-Sydney trough. Bills run 2-14bp cheaper through the reds, bear steepening.

  • Local dealers seem to be tracking the overnight impetus.
  • Aussie bond futures softened in post-Sydney dealing, with wider core global FI markets on the defensive as European gas prices surged and participants set up for the upcoming Jackson Hole Symposium.
  • Flash PMI data, the weekly ANZ-Roy Morgan consumer confidence reading and A$150mn of Nov-32 index-linked bond supply from the AOFM provide Tuesday’s local points of note.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.