HALISTER1: Australia Bond Yields Surge Across the Curve; Futures Vol Jumps

Australia Bond Yields Surge Across the Curve; Futures Vol Jumps

(Bloomberg) -- Yield on 3-yr Australian govt bonds rises for third day, up 4 bps to 1.543%; 10-year yield gains 3 bps to 1.957%.
  • Volume for 3-year bond futures was 130,256 at 11:41 local time, already higher than full day volume for two previous sessions
  • Implied yield on 30-day cash-rate futures expiring in Aug. rises 4 bps to 1.635%
  • Overnight index swaps signal 51% chance that RBA will cut rate by 25 bps on Aug. 2, down from 63% probability seen on Tuesday, according to Credit Suisse index
  • NOTE: Australia’s Core Consumer Prices Increase Faster Than Forecast
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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