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AUSTRALIAN BOND MARKET OPENS WEAKER - MARCH 2, 2009.
SYDNEY, Mar 2 Asia Pulse - The Australian bond market has opened weaker, moving in line with longer-dated US Treasuries during weekend trading and on increasing speculation the Reserve Bank of Australia (RBA) will leave interest rates on hold in March.
At 0830 AEDT, the yield on the Commonwealth Government March 2019 bond was 4.428 per cent, up from Friday's close of 4.403 per cent, while the yield on the April 2012 bond was at 3.358 per cent, up from 3.240 per cent.
On the Sydney Futures Exchange, the March 10-year bond futures contract price was 95.620, down from Friday's close of 95.625, while the March three-year bond futures contract price was at 96.650, down from 96.770.
The short-end of the US yield curve rallied strongly after the preliminary estimate of US gross domestic product (GDP) showed the world's largest economy contracted at an annualised pace of 6.2 per cent in the December quarter.
It was the worst result since 1982 and downwardly revised from the advanced estimate of a 3.8 per cent decline.
Also, US consumer spending slipped 4.3 per cent in the December quarter, its biggest decline since 1980.
ANZ Banking Group senior economist Katie Dean said it was a mixed session for US bond yields on Friday night, with the US ...
- AUSTRALIAN BOND MARKET STRONGER AT CLOSE - SEPT 9, 2009.
- News wire article from: AsiaPulse News September 9, 2008 700+ words
...five basis points to 3.66 per cent, while two-year notes were two points lower at 2.30 per cent. The Australian bond market paid little attention to...ABS) data showing a 1.4 per cent, seasonally adjusted, rise in...
- AUSTRALIAN BOND MARKET OPENS WEAKER - AUG 25, 2008.
- News wire article from: AsiaPulse News August 25, 2008 700+ words
...points to 2.399 per cent on Friday night...points to 3.870 per cent. By comparison, three-year Australian bond yields rose by three...fell by 5.44 per cent, or $US6.59...Ms Dean said the Australian bond market would take...
- AUSTRALIAN BOND MARKET CLOSES FIRMER - SEPT 30, 2008.
- News wire article from: AsiaPulse News September 30, 2008 700+ words
...was at 5.080 per cent, down from 5.325 per cent. On the Sydney Futures...of 94.690. The Australian bond market opened firmer...everywhere." The Australian bond market overlooked...retreating by 9.8 per cent to US$96.37 a...
- AUSTRALIAN BOND MARKET OPENS STRONGER - AUG 6, 2007.
- News wire article from: AsiaPulse News August 6, 2007 700+ words
...from 93.675. The Australian bond market tracked US...fell to 4.70 per cent overnight on Friday...ticked up to 4.6 per cent - a six-month high - from 4.5 per cent in June. Suncorp said, the "Australian bond futures market could...
- AUSTRALIAN BOND MARKET OPENS FIRMER - OCT 23, 2008.
- News wire article from: AsiaPulse News October 23, 2008 700+ words
...point, to 6.5 per cent, was widely expected...expected to move the Australian bond market today. "The...domestic rates to six per cent. Mr Williamson said...offshore developments. The Australian bond market underperformed...points to 1.51 per cent and 10-year yields...
- AUSTRALIAN BOND MARKET OPENS WEAKER - OCT 24, 2008.
- News wire article from: AsiaPulse News October 24, 2008 700+ words
...95.600. The Australian bond market opened weaker...posted a two per cent rally, at the...or 2.02 per cent, to end at 8...Adam Carr said the Australian bond market was likely...0830 AEDT. The Australian bond market is expected...points to 1.60 per cent while ...
- AUSTRALIAN BOND MARKET ENDS WEAKER - JUNE 12, 2007.
- News wire article from: AsiaPulse News June 12, 2007 700+ words
...Halmarick said. The Australian bond market stabilised today...rate fell to 4.2 per cent in May, its lowest...adjusted 1.6 per cent in the March quarter...GDP rose 3.8 per cent. The Australian bond market opened weaker...
- AUSTRALIAN BOND MARKET BEGINS WEAKER - JULY 4, 2007.
- News wire article from: AsiaPulse News July 4, 2007 700+ words
...Economists had expected a 1.2 per cent decline. US Treasury 10-year yields...data was released while 10-year Australian bond yields increased by four points...close yesterday based on a 0.1 per cent fall in retail sales and a 5.6...
- AUSTRALIAN BOND MARKET OPENS SOFTER - SEPT 12, 2008.
- News wire article from: AsiaPulse News September 12, 2008 700+ words
...the Dow Jones Industrial Average was up 1.46 per cent, the S&P500 index rose 1.38 per cent and the NASDAQ ended the New York session 1.32 per cent higher. The Australian bond market was expected to trade quietly today in the absence...
- AUSTRALIAN BOND MARKET CLOSES FIRMER - OCT 22, 2008.
- News wire article from: AsiaPulse News October 22, 2008 700+ words
...median CPI, jumped by 4.7 per cent in the year to September, the...underlying inflation ran at 4.8 per cent. The back end of the Australian bond market was weaker at noon...share market shed three per cent,following Wall Street's...
Source: HighBeam Research, AUSTRALIAN BOND MARKET OPENS WEAKER - MARCH 2, 2009.