US-CHINA: China Evaluating US Request For Trade Talks
May-02 00:48
Headlines have crossed from China, where the Commerce Ministry stated it is conducting an assessment...
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MNI: AUSTRALIA FEB BUILDING APPROVALS -0.3% M/M, +25.7% Y/Y
Apr-02 00:30
- MNI: AUSTRALIA FEB BUILDING APPROVALS -0.3% M/M, +25.7% Y/Y
MNI: AUSTRALIA MAR DWELLING APPROVALS -0.3% M/M
Apr-02 00:30
- MNI: AUSTRALIA MAR DWELLING APPROVALS -0.3% M/M
- MNI: AUSTRALIA MAR DWELLING APPROVALS +25.7% Y/Y
AUSSIE BONDS: Smooth Digestion Of May-34 Supply With Increased Demand
Apr-02 00:19
The latest round of ACGB May-34 supply sees the weighted average yield print 0.35bps through prevailing mids (per Yieldbroker), extending the recent trend of firm pricing at ACGB auctions.
- Additionally, today’s cover ratio of 3.9125x was significantly higher than the 3.61x seen at the previous auction.
- The strong bid came despite the current yield being 25bps lower than at the previous auction and 30-35bps below the November 2024 high.
- A steeper 3/10 yield curve, the steepest since January 2022, the line's inclusion in the XM basket and the resumption of positive sentiment toward longer-dated global bonds all likely contributed to today’s demand.
- Following the supply, the bond line and XM are little changed in early post-auction trading.
