Free Trial
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.
AUSSIE BONDS
Aussie bond futures are back to probing post-local data highs (XM has actually shown through its previous session high, although the move was modest and hasn’t stuck) after the firmer than expected Chinese PMI data capped the data-inspired bid. That leaves YM +9.0 and XM +6.0, with the latest leg of support coming from another move lower in terminal rate pricing on the RBA-dated OIS strip, which is showing below 4.20% vs. just below 4.35% pre-local data. Cash ACGBs sit 4-8bp richer, with bull steepening in play. Bills are flat to +12, with the back end of the whites and front end of the reds leading the bid.
| OIS Strip Latest | OIS Strip Post-Today's Data | OIS Strip Pre-Today's Data | |
| Mar-23 | 3.55% | 3.55% | 3.56% |
| Apr-23 | 3.73% | 3.75% | 3.76% |
| May-23 | 3.91% | 3.94% | 3.95% |
| Jun-23 | 4.02% | 4.06% | 4.09% |
| Jul-23 | 4.10% | 4.17% | 4.19% |
| Aug-23 | 4.16% | 4.26% | 4.29% |
| Sep-23 | 4.19% | 4.27% | 4.32% |
| Oct-23 | 4.19% | 4.27% | 4.33% |
| Nov-23 | 4.17% | 4.25% | 4.32% |
| Dec-23 | 4.15% | 4.22% | 4.29% |
| Feb-24 | 4.10% | 4.17% | 4.24% |
| Mar-24 | 4.07% | 4.14% | 4.21% |
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok