Swaps - AUD
Losses in the USD rates market have prompted a similar move in Australia. 3-10y swaps were bid and EPFs were tighter across the curve.
The AUD rates market was firmer as it tracked the move in the USD market. There has been receiving at more liquid tenors ahead of domestic data.
The AUD rates market has followed the USD market lower. 10y bond yield hit its 9y low, and key EFPs tightened to fresh low despite swaps bid.
3-10y AUD swaps were bid after hawkish US Fed. The 3s/10s EFP box steepened up a tad after reaching its new low on the previous day.
AUD swaps have been bid as players prepared for a hawkish US Fed. EFPs were tighter across the curve.
10y rallied more after the RBA minutes as it skewed towards a dovish stance. Interest in 3y was mixed.
AUD swaps were offered amid concerns over the situation in China. The EFP box has flattened out to levels not seen since late-June.
AUD bond futures were firmer despite no improvement in jobless rate. 1y1y is too rich and 1y/2y1y seen flatter.
10y AUD swaps were offered after a strong UST auction. 3y was bid. The EFP box steepened up. KfW has tapped its 5y Kanga bond line.
The AUD swap market in general lacked a clear direction, thought domestic consumer confidence data might have backed the receiving in the 5-10y area.