Spiga

Aussie Bonds Likely To Firm On Catch-Up

Forex News Australian bond futures at both ends of curve regain losses from previous session, expected to continue firming in Asian trade on softer regional equities markets, more response to weaker-than-expected upstream inflation pressures. Lehman Brothers chief economist Stephen Roberts says, "Quite clearly the producer price information (yesterday) was better than expected and we didn't get an awful lot of benefit from that because the equity market was having such a good day." Also, expects 3-10 year yield curve to continue becoming less inverse if 2Q CPI due tomorrow prints on consensus or lower; curve spread last at -8.5 bps; 3-year futures last +1 bp at 93.52 from yesterday's close, 10-years +1 bp at 93.605.




0 comments: