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5 Jan 2015
Yields on ACGBs continue to fall – TDS
FXStreet (Barcelona) - The TD Securities Research Team note that the soft euro led ACGB yields to continue its fall, with the 10yr yields down 10.5 bps.
Key Quotes
“With the € declining on speculation the ECB could announce QE at its Jan 22nd meeting and a ’Grexit’ scenario gaining more airplay, yields on ACGBs continue to fall, led by the long end, 10yr yields down 10.5bps (was as much as 13bps lower earlier in the session) while short end yields are 3bps lower, but were down by as much as 6 bps.”
“In contrast, long end NZ bonds trailed the ACGB moves, -4bps, but short end yields rose 2.5bps, with both the NZGB and ACGB curves flattening close to 7bps.“
Key Quotes
“With the € declining on speculation the ECB could announce QE at its Jan 22nd meeting and a ’Grexit’ scenario gaining more airplay, yields on ACGBs continue to fall, led by the long end, 10yr yields down 10.5bps (was as much as 13bps lower earlier in the session) while short end yields are 3bps lower, but were down by as much as 6 bps.”
“In contrast, long end NZ bonds trailed the ACGB moves, -4bps, but short end yields rose 2.5bps, with both the NZGB and ACGB curves flattening close to 7bps.“