Forex News: International data suggests Australian 2Q inflation due July 23 may well "pop eyes", but RBA won't lift rates, leaving room for shorter dated government bonds to rally a little, ignoring any pricing for a rate cut, says ICAP economist Matt Johnson. For now, says if U.S. stocks continue to climb, bond sell off may continue, pushing 3-10 year implied yield curve more inverse. Curve now minus 9 bps. September 3-year contract closed overnight session at 93.545, down 4.5 ticks from local close yesterday.
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