Free Trial

The domestic curve continues to edge...>

AUSSIE BONDS
AUSSIE BONDS: The domestic curve continues to edge steeper, with YM/XM at 54.0
and the cash equivalent at 49.9bp. YM trades +2.0 ticks, with XM unch., after
the space tracked Tsys on SYCOM.
- Bills have followed bonds higher in the main, last dealing 1 to 2 ticks higher
through the reds.
- Labour market data provides the key risk event today for the space today, with
the RBA relying on the labour market to create inflationary pressure, over time,
and seemingly more cognisant of downside risks to its baseline view in the
scenario analysis that was covered in the minutes of its most recent MonPol
decision.
- Elsewhere, the quarterly NAB business survey will provide some interest, while
participants have shrugged off the latest round of CBA PMI data.
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.