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AUSSIE BONDS

Underlying CPI Back Above 2.0%, Bonds Pressured

MYR

Bearish DMA Cross Eyed

US TSYS

Tight Start

FOREX

AUD Catches Light Bid Ahead Of Aussie CPI

RBA

Semi-Government Bond Purchase Offer Details

AUSSIE BONDS

ACGB Apr-24 Under Pressure

US TSY/RECAP
US TSY/RECAP: US Tsys went out just off of highs, with the curve giving back a
portion of the week's steepening.
- 10-Year yields pulled back below 3.00%, with limited reaction seen to
Thursday's domestic economic releases, with more focus on tomorrow's initial Q1
US GDP estimate.
- The space moved higher in early dealing, tracking EGBs & Gilts on the back of
a dovish Swedish Riksbank & an on hold, copy & paste ECB policy announcement.
- The latest US 7-Year Note auction stopped through screens, with the
bid-to-cover ratio ticking higher, while dealer takedown slipped as indirect
participation picked up.
- It was a decent volume session, with better buying seen via 2-way flow.
Options saw a continuation of the heavy upside call buying from Wednesday.
- The Eurodollar strip was higher, with the short end well bid after 3-Month
$LIBOR fixed lower.