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Tight Ahead Of Event Risk

AUSSIE BONDS

Aussie bond futures stuck to narrow ranges in Sydney hours, YM -0.5, XM -2.5 at the bell.

  • The Q&A portion of RBA Assistant Governor Kent's latest appearance reaffirmed the Bank's well-known views on several key areas of monetary policy.
  • Elsewhere, A$1.0bn of ACGB Jun '31 supply saw the average yield price ~0.6bp through prevailing mids at the time of supply, representing a smooth passage, even with the cover ratio slipping a little vs. the prev offering of the line (which saw the average yield price above prevailing mids).
  • The monthly labour market report headlines the local docket on Thursday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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