Free Trial

YM tested Monday's SFE session highs...>

AUSSIE BONDS
AUSSIE BONDS: YM tested Monday's SFE session highs late on SYCOM, taking a lead
from Tsys, and again in early SFE trading, while XM managed to breach its Monday
high, before retracing.
- RBA's Ellis offered little fresh in her latest address. She pointed to labour
market strength, and limited wage growth, while alluding to the wealth effect of
lower house prices on household consumption. Ellis also stressed that the RBA
will take fiscal policy into account when setting the cash rate.
- YM last trades 1.0 tick higher, with XM +1.5 ticks. YM/XM trades at 42.0, with
the cash equivalent at 37.3bp.
- Bills trade 1 tick lower to 2 ticks higher through the reds. RBA repo ops saw
A$520mn worth of 21-day ops dealt at an average of 2.004%, with A$1.612bn worth
of 65-day ops dealt at an average of 2.010%.
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.