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Yields Higher Ahead Of Q1 CPI

AUSSIE BONDS

The curve ran a little steeper overnight in sympathy with U.S. Tsys, with YM -1.0 & XM -3.5 in early Sydney trade, in line with overnight closing levels.

  • Local Q1 CPI data headlines on Wednesday. The reading has the ability to create some short-term volatility for bonds, but shouldn't result in anything like a meaningful shift in RBA pricing given the Bank's forward guidance and willingness to look through any transitory factors. Elsewhere, the latest round of weekly ABS payrolls data is due, as is the preliminary monthly trade balance reading.
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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