Free Trial

The space stuck to a tight range in....>

AUSSIE BONDS
AUSSIE BONDS: The space stuck to a tight range in the second half of the session
after Bonds moved higher on the Trump-induced risk off flows as the US President
ordered the US Tsy to consider $100bln in additional Chinese tariffs.
- 3-Year Bond futures last trade at 97.825 (+0.5 tick), while 10-Year Bond
futures trade at 97.330 (+1.0 tick), with both contracts a tick or so back from
the spike highs.
- The domestic 3-/10-Year yield differential is 0.6bp flatter at 50.4bp, while
the AU/US 10-Year yield spread sits 1.2bp wider at -15.9bp.
- The auction of a 3-Year futures basket Bond was very strong, with the cover
ratio topping 7x, providing an extra layer of support to the space, and possibly
allowing the domestic 3-/10-Year spread further room to steepen after
yesterday's 5bp jump.
- 3-Month BBSW fixed unchanged today, following yesterday's lower fix, with the
white and red Bill contracts last trading unch. to a tick higher.
- Focus now falls on the US labour mkt report, with an empty Aussie docket, with
further attention set to fall on Fedspeak from Chair Powell & voter Williams.
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.