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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

The space generally followed the.......>

AUSSIE BONDS
AUSSIE BONDS: The space generally followed the impetus of Tsys/broader risk
appetite on tuesday, moving back from early Sydney and SYCOM highs as U.S.
equity index futures moved higher. That left both YM & XM 1.0 tick lower on the
day come settlement time
- In terms of domestic market matters there was little to go off today outside
of QTC launching a New benchmark A$ July 2034 line.
- Australian PM Morrison noted that the impact of the Coronavirus would be
deeper than that of the bushfires, and when questioned re: the heavily touted
budget surplus he noted that "we will deal with that at the time of the budget."
- Elsewhere, Goldman Sachs became the latest to cut their GDP forecast for
Australia, and now look for -0.3% Q/Q fall in Q1.
- Swap spreads generally widened across the curve.
- Underperformance vs. Tsys held, with the AU/U.S. 10-Year spread > -50.0bp.
- Bills finished unchanged to 1 tick lower through the reds.
- Completed construction work gets the GDP inputs underway tomorrow, while we
will also see A$800mn worth of ACGB 1.50% 21 June 2031 supply.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com