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Tight Ranges In Play Ahead Of Long Weekend & RBA

AUSSIE BONDS

The ACGB space has held onto the twist steepening impetus derived from overnight futures trade, with generally limited activity observed ahead of the long Sydney weekend.

  • Participants are seemingly unwilling to deploy fresh risk ahead of Monday’s lower liquidity session (which includes the closure of cash ACGBs) and Tuesday’s RBA decision (with ~44bp of tightening priced into OIS and 13/17 surveyed by BBG looking for a 50bp hike), with a lack of meaningful headline flow also limiting participation.
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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