Free Trial

U.S. Tsys Drag The Futures Curve Steeper Overnight

AUSSIE BONDS

The steepening impetus in play in U.S. Tsys weighed on Aussie Bond futures during post-Sydney dealing, leaving YM -4.0 and XM -10.0 come the bell, with both contracts going out just above worst levels of the day.

  • Still, the aggressive steepening leaves the YM/XM curve within the confines of the recently observed range after flattening from the recent steeps in mid-September.
  • Friday's local focus is set to move to A$1.0bn of ACGB 1.50% 21 June 2031 supply, with the release of the AOFM's weekly issuance slate also due.
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.