Australian bonds fall ahead of US inflation data
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Australian and New Zealand bonds fell ahead of US inflation data this week. The two nations’ 10-year yields climbed three basis points. Australian stocks fell, while major currencies were broadly stable. US equity futures were little changed. The yen was slightly stronger on Monday. US inflation data due Tuesday will be crucial for the Fed. The S&P 500 rose 0.6% on Friday to cap a fresh record. Swaps market pricing shows investors anticipate the chance of a Fed cut in March at 15%. In commodities, oil prices fell after comments from Iran’s foreign minister. In Asia, data set for release includes inflation and industrial output reports for India.
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