Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Australian bonds flat in subdued trade; RBA March meeting minutes paint mixed picture

The Australian bonds traded in a tight range Tuesday as investors refrained from any major activity amid a light trading session. Also, the Reserve Bank of Australia’s (RBA) March monetary policy meeting minutes, painted a mixed picture of the economy, adding sluggishness to market sentiments.

The yield on the benchmark 10-year Treasury note, hovered around 2.82 percent, the yield on 15-year note also traded flat at 3.21 percent and the yield on short-term 2-year remained steady at 1.81 percent by 04:20 GMT.

The minutes of the RBA March board meeting continued to paint the picture of an RBA unwilling to move official interest rates anytime soon. The Board highlighted a range of positives, but concerns were also raised. The central bank was notably more upbeat about the global outlook and the flow on effect to higher commodity prices.

Concerns surrounding the outlook for the labor market were apparent, with the RBA noting that "conditions had remained mixed" and that "momentum in the labor market remained difficult to assess". A further mixed picture on the labor market leaves the RBA between a rock and a hard place.

Lastly, markets will now be focussing on the RBA Deputy Governor Guy Debelle’s speech, scheduled to be held on March 22 for further direction in the debt market.

Meanwhile, the ASX 200 index traded 0.17 percent up at 5,762.50 at 04:40GMT, while at 04:00GMT, the FxWirePro's Hourly AUD Strength Index remained neural at 72.23 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

Fintech Week Chicago

April 24 21:00 UTC Released

KRConsumer Sentiment Ind*

Actual

101.2 bln BRL

Forecast

Previous

96.7 bln BRL

April 24 13:00 UTC Released

MXMid-Month CPI YY*

Actual

5.62 %

Forecast

5.59 %

Previous

5.29 %

April 25 06:45 UTC 120120m

GBPSNB, MM GBP

Actual

Forecast

104 bln GBP

Previous

104 bln GBP

April 25 06:45 UTC 120120m

GBPSNB Ex Banks GBP

Actual

Forecast

104 bln GBP

Previous

104 bln GBP

April 25 06:45 UTC 120120m

FRBusiness Climate

Actual

Forecast

104 bln BRL

Previous

104 bln BRL

April 25 08:30 UTC 225225m

GBPSNB, MM GBP

Actual

Forecast

1.500 bln GBP

Previous

1.083 bln GBP

April 25 08:30 UTC 225225m

GBPSNCR, MM GBP

Actual

Forecast

Previous

12.875 bln GBP

April 25 08:30 UTC 225225m

GBPSNB Ex Banks GBP

Actual

Forecast

3.200 bln GBP

Previous

1.803 bln GBP

April 25 12:55 UTC 490490m

USRedbook MM

Actual

Forecast

Previous

1.2 %

April 25 12:55 UTC 490490m

USRedbook YY

Actual

Forecast

Previous

2.3 %

Fintech Week Chicago
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.