Swaps - AUD
There has been trade in AUD curve spreads and the box is at a 2-week wide. The issuance outlook is expected to weigh on the ultra long sector.
There has been trade in AUD curve spreads, with 10s/30s back at zero. Swap spreads are lower. RBA QE purchases have pushed the 3y yield towards 0.25%.
AUD swaps have been offered with more activities seen at the longer-end. EFPs are generally tighter due to the outperformance in swaps.
Listing of Asia Pacific structures and vanilla bonds sold by offshore issuers.
Short AUD swap spreads have narrowed and the 3s/10s box has corrected higher. QIC says corporate bonds are cheap from a long-term perspective.
There has been flow in forwards and the 3s/10s box has pushed to its widest point in 2 weeks. The RBA has switched its QE focus to Semi Bonds.
There has been trade in AUD curve spreads and short forwards after the recent bullish correction. The 3s/10s box spread popped back above zero.
The AUD curve is bull flattening and the 3s/10s box disinverting after Australia injected more fiscal stimulus. Illiquidity Is fuelling volatility.
10y AUD bond future jumps as the RBA announced to buy ACGBs. 5-10y swaps have been well offered but weak AUD has limited 3y offers.
This afternoon in Sydney the RBA cut rates to its 0.25% ELB and launched QE based on a new 3y yield target of 0.25%.