Free Trial

WPI Day

AUSSIE BONDS

The wider global core FI market impetus allowed the futures curve to bear flatten in overnight dealing. YM is now -8.0, looking through its overnight trough, while XM is -7.0, in line with its overnight base.

  • The IR strip runs 5-12bp cheaper through the reds, with the back end of the whites and front end of the reds leading the weakness.
  • WPI data headlines the local docket on Wednesday, with plenty of discussion evident re: the ability of the print to tip the RBA’s hand when it comes to the level of tightening that it will deploy at the June meeting. Elsewhere, we will get the latest Westpac leading index print & A$800mn of ACGB Nov-32 supply.
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.