FOREX: Steady G10 FX Trends To Start Thursday Trade, Aust CAPEX Soon
Feb-27 00:17
G10 FX markets have had a relatively steady start in Thursday Asia Pac trade, outside of modest yen ...
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AUSSIE BONDS: ACGB Jun-54 Auction Goes Smoothly With More Demand
Jan-28 00:16
Today's result has continued the trend of firm pricing for ACGB auctions, as the weighted average yield printed 0.28bps through prevailing mids (per Yieldbroker). The cover ratio was 3.6500x versus 2.8233x previously.
- An outright yield which was around 35bps higher than the previous auction appears to have contributed to today’s bidding even though it was still 35bps lower than the November 2023 high.
- It is also important to acknowledge that improved sentiment towards longer-dated global bonds over the past month might have assisted the bid.
- The ACGB Jun-54 cash trade is slightly cheaper in post-auction dealings.
AUSSIE BONDS: ACGB Jun-54 Auction Results
Jan-28 00:09
The AOFM sells A$300mn of the 4.75% 21 June 2054 Treasury Bond, #TB169:
- Average Yield (%): 4.9405 (prev. 4.5951)
- High Yield (%): 4.945 (prev. 4.5975)
- Bid/Cover: 3.6500x (prev. 2.8233x)
- Allotted at Highest Accepted Yield as % of Bid at that Yield (%): 23.5 (prev. 70.1)
- Bidders: 58 (prev. 43), 22 successful (prev. 19), 15 allocated in full (prev. 11)
MNI: UK JAN BRC SHOP PRICES -0.4% M/M, -0.7% Y/Y
Jan-28 00:01
- MNI: UK JAN BRC SHOP PRICES -0.4% M/M, -0.7% Y/Y
