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Australian bonds trade flat despite better-than-expected November retail sales

Australian government bonds traded flat during Asian session Friday as investors remain sidelined in quiet trading session despite better-than-expected November retail sales data.

Retail sales beat expectations slightly in November, rising 0.4 percent m/m. Clothing and household goods sales improved, likely reflecting the growing popularity of Black Friday sales in November, which in the presence of stiff price competition implies higher sales volumes.

The yield on Australia’s benchmark 10-year note, which moves inversely to its price, traded flat at  2.315 percent, the yield on the long-term 30-year bond remained steady at 2.843 percent and the yield on short-term 2-year stood at 1.899 percent by 04:00GMT.

“The U.S. Treasury yields pushed slightly higher following additional Fed talk, in which the need for flexibility in setting policy and the potential for a pause in increasing rates were reiterated. Domestically, focus will be on whether funding pressures remain elevated after they ticked higher yesterday,” said ANZ economists in the note.

Meanwhile, the S&P/ASX 200 index traded 0.37 percent lower at 5,730.50 by 04:10GMT, while at 04:00GMT, the FxWirePro's Hourly AUD Strength Index remained highly bullish at 151.79 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

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February 15 21:00 UTC Released

UST Flows,Incl.Swaps

Actual

-66.6 Bln USD

Forecast

Previous

25.3 Bln USD

February 15 21:00 UTC Released

USOverall Net Capital Flows

Actual

-33.1 Bln USD

Forecast

Previous

31 Bln USD

January 31 00:00 UTC 549070549070m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 549070549070m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 560890560890m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 549070549070m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 560890560890m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 549070549070m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 549070549070m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 549070549070m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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