Free Trial
SONIA

Gap higher

MARKET INSIGHT

What to watch (1/2)

MARKET INSIGHT

What to watch (2/2)

BOE

This is a test bullet

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 Access
BOND SUMMARY
BOND SUMMARY: The risk-negative themes outlined elsewhere (dominated by
Sino-U.S. sabre rattling and the seemingly impending release of a U.S. report on
the Chinese origins of COVID-19) allowed T-Notes to extend on their late Friday
uptick from NY lows, with the contract last +0-08 at 139-04, with cash markets
closed until London/EU hours owing to the Japanese holiday period (this will be
true Monday through Wednesday). Ongoing holidays for mainland China also sapped
liquidity, resulting in low volume for the contract, although USD/CNH's failure
to consolidate above CNH7.1500 and the subsequent uptick in e-minis allowed
T-Notes to edge back from best levels. Eurodollar futures sit 0.5 to 1.5 ticks
higher through the reds.
- In Australia, participants looked through the latest batch of hard data and
surveys, with XM initially supported by the dynamics in U.S. Tsy futures, and
later by the RBA's choice to purchase ACGBs maturing Apr '27 - Nov '28 (after
Thursday's hiatus), leaving the curve a touch flatter on the day. There was also
a strong auction for A$1.5bn worth of ACGB 3.25% 21 Apr 2025. YM unchanged, XM
+3.0. Bills print -1 to +1 through the reds.
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

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.