Swaps - AUD
10-year AUD bond future has been leading a mild rally, backing receiving interest in the 5- to 10-year area of the swap curve.
AUD curve spreads have traded against a calm backdrop in terms of price action. The Labor Party is calling for a broad RBA monetary policy review.
There has been trade in longer AUD swaps and the box has come off its recent low. Long swap spreads are seen widening on a continuing bid-side bias.
There has been trade in ultralong AUD swaps and the 3s/10s box has dipped to its lowest point in more than a year. The RBA rates call is due shortly.
Listing of structured bonds and vanilla bonds issued in the Asia Pacific markets over the past week.
AUD swap flow has picked up across the 20-30 year sector. The 3s/10s box is holding at the recent lows. The Nov-32 asset swap is seen as cheap.
The AUD 3s/10s box has dipped to its most negative point in a year. A former RBA board member says QE should be extended to curb currency strength.
AUD swap spreads have edged out. Mortgage-related paying is expected to press swap rates higher. Intesa Sanpaolo issued a 7y AUD bond.
There has been trade in long AUD swaps and the 3s/10s box has corrected less negative. IFC and EIB issued Kangaroo Bonds.
10-year AUD swaps have been well offered following a revised QE outlook from Westpac. 5-year saw receiving after some earlier 2-way interests.