-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessSteepening Impetus Intensifies, Futures Turn Bid On Cautious Mood
Deteriorating risk environment lent support to Aussie bonds and their peers from core FI space. Nominations to the top decision-making bodies of the Chinese Communist Party were closely scrutinised, with local equity benchmarks retreating.
- Futures regained strength after paring initial gains. YM last +14.0 & XM +5.0, both are printing session highs. Bills trade 4-12 ticks higher through the reds.
- Initial steepening impetus evident in cash ACGB space deepened as the session progressed. Yields last sit -14.5bp to +4.2bp. 3-Year/10-Year ACGB yield spread widened to 52.5bp, the widest margin since mid-Jul.
- The AOFM sold A$300mn of ACGB Jun '51, drawing a bid/cover ratio of 1.54x (prev. 2.53x), with the price tail widening.
- The weekend saw one of the final rounds of comments from Treasurer Chalmers, who will deliver the budget tomorrow. The official said he has learned his lesson from the market reaction to the UK fiscal plan.
- Elsewhere, RBA Asst Gov Kent said this morning that the central bank is not currently worried by the risk of weak exchange rate amplifying imported inflation.
- Regional activity was limited by a market closure in New Zealand.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.