Free Trial

Tsys/trade war matters drove the.......>

AUSSIE BONDS: Tsys/trade war matters drove the space higher in SYCOM trade, with
the AU/U.S. 10-Year yield spread holding around the -60.0bp mark in early Sydney
trade. YM & XM hold very tight ranges in the early part of the Sydney morning,
YM +1.0, XM +4.0, as YM/XM runs 2.0 ticks flatter vs. settlement.
- Source highlights that EFPs have pushed wider, fuelled by some supply flow,
which saw steepening of the 3-/10-Year EFP box. Tuesday flow was a little more
mixed elsewhere, 2-way seen in the belly of the curve,
- Bills print unchanged to 2.0 ticks higher through the reds.
- Nothing to flag on the flow front in Sydney as of yet.
- Today's docket is headlined by A$400mn worth of ACGB 2.75% 21 April 2024
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.