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Steeper To Start

AUSSIE BONDS

Aussie bond futures trade a little steeper vs. settlement levels on the back of an uptick in U.S. Tsy yields on Monday. YM -1.1 & XM -3.8 at typing, with the latter having a look through its overnight low in the process, while the 5-10 Year zone of the cash ACGB curve leads the way lower (the belly of the curve underperformed in U.S. Tsy trade on Monday).

  • As an aside, Aussie bond futures now operate on their pre-expiry tick sizes.
  • The latest NAB business survey headlines locally today, although local focus remains pinned on RBA Governor Lowe's Wednesday address.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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