Free Trial

The space moved back to the SYCOM......>

AUSSIE BONDS: The space moved back to the SYCOM highs on the back of risk off
flows stemming from a softer Yuan fixing from the PBOC, which saw the yuan
crosses spike higher, before they retraced a large part of their gains, with
Bonds holding around best levels.
- The domestic 3-/10-Year yield differential last trades around a little under
1.0bp flatter at 52.3bp, after registering a low of 50.9bp. The AU/U.S. 10-Year
spread continues to operate sub -20bp.
- The AOFM's issuance schedule revealed that there will be no issuance next
week, remember this week saw the launch of the new 2.75% 21 May 2041 Bond.
- YMU8's sell-off Thursday lacked follow through with an aggressive bounce ahead
of 55- (97.844) & 100-(97.833) DMAs. Bears now need a close below the 100-DMA to
end bullish hopes and below 97.795 to confirm focus on 97.675 2018 lows. Bulls
continue to look for a close above the 21-DMA (97.913) to gain breathing room.
- 3-Month BBSW fixed 0.9bp lower today, with the bill strip trading marginally
mixed last.
- Participants now focus on next week's AU CPI release.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.