Free Trial

Jun'23 Calls


Market Roundup: Push-Back on Soft Oct CPI

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
AUSSIE BONDS: YM & XM trade +1.0 & unch. respectively, after trickling lower on
SYCOM, alongside U.S. Tsys and in the wake of the findings of the Royal
Commission's investigation into the activity within the Australian banking
- YM/XM last trades at 50.5, with the cash equivalent at 49.3bp.
- Bills trade 1 to 2 ticks higher on the day. RBA repo ops saw A$673mn worth of
16-day ops dealt at 2.006%, while $2.185bn worth of 77-day reverse repo ops were
dealt at 2.053%.
- We have already see a soft AU AiG Services PMI print, as the index slipped
into contractionary territory, printing at 44.3 from 52.1.
- Today's focal point comes in the form of the RBA's first MonPol decision of
2019, due at 0300GMT/1400AEDT, with no change exp. (see our RBA preview It is worth noting
that traders are already looking to an address from RBA Gov. Lowe, due tomorrow,
and the release of the RBA's SoMP on Friday. Also worth highlighting that AU
retail sales & trade balance data will hit today.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.