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Weak Longs Likely Aid Steepening

AUSSIE BONDS

The Aussie bond space has also drifted steeper, with e-minis off lows. YM -0.5, with XM -2.0. Once again, weaker longs may be folding, amplifying any modest pressure in the space as XM traded through yesterday's lows, before recovering from worst levels.

  • Bills sit unchanged to -1 through the reds, with today's 3-Month BBSW fixing holding at record low levels of 0.06%.
  • Focus tomorrow turns to flash PMI data, A$1.5bn worth of ACGB 0.50% 21 September 2026 supply and the release of the AOFM's weekly issuance schedule.
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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