Swaps - AUD
There has been trade in mid sector AUD butterfly spreads. Governor Lowe has reiterated the RBA's QE options. Goldman issued a Kangaroo Bond.
AUD swap spreads have eased today but could correct higher on a post-roll adjustment. The RBA has outlined its QE options.
There has been trade in AUD long-end curve spreads and 3m forwards. Short EFPs are seen narrowing after the TFF expiry.
AUD rates are firmer despite strong US CPI data. 10-year EFP tightened to recent low amid good offers there.
AUD swap spreads have widened on the rally. The RBA remains in focus with the next cycle of rate hikes expected to begin in 2023.
There has been AUD5y5y trade after a dip in the AUD-USD spread. Support for a downsized QE3 is growing. The AOFM will publish less issuance detail.
AUD swap spreads are widening after S&P upgraded its outlook on Australia's sovereign rating. The RBA is expected to fade its policy settings in July.
The AUD 3s/10s box spread correction has extended on the rally today. A significant change in QE is expected to be delivered by the RBA next month.
Expectations about some good US jobs data have backed good paying in AUD swaps. 3y EFP could widen further.
AUD swap spreads have corrected lower and the box is less negative. The case for RBA tapering QE purchases is in focus ahead of the July decision.