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Once PM Albanese confirms Jim Chalmers MP as Treasurer this morning, the 1st thing he should do is get RBA Gov Bullock to sign the Statement on the Conduct of Monetary Policy. For too long the market has waited for the unattributed votes from the RBA board to be published and with a

Oil down 1.3% IRAN READY TO SIGN DEAL WITH CONDITIONS: NBC CITING OFFICIA

Is it normal in Australian academia that when your wife gets a position on the board of one of the most important national institutions that you then go and publicly comment on how that board should vote several days in advance of their decision?

Kit Lowe Its fine. Wives never listen to their husbands.

Some expected s/t moves as a result of the Moody's US credit downgrade which came 11 years after S&P's downgrade. UST and ES futures lower, gold and BTC up. I would expect US 30y yields to test 5% again soon and dealers will look for more term premium mostly showing in steeper

Today is Day 1 of the 2 day RBA meeting.

Ben is correct. These are the facts when looking at today's RBA meeting . I can't see a 50bps cut there only 25bps. In the presser I would expect Gov Bullock to be questioned on whether they can sustain inflation at target given where the forward OIS curve is: 2 more cuts in 2025

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Gov Bullock mentions the SCMP and unattributed votes as I forecast. I wonder if they will apply this retrospectively?

Today was the worst $JPY JGB 20y JGB auction since 2012, the worst tail on an auction since 1987 and 30y JGB yields are at the highest since debut in 1999. Curve steepeners my friends.

RBNZ dissenter voted for a hold $NZD STIR futs -5 ticks 2y swap paying sees yields rise 4bps to 3.20%.

*COURT OF INTERNATIONAL TRADE RULES AGAINST TRUMP ON TARIFFS *TRUMP’S GLOBAL TARIFFS BLOCKED BY US TRADE COURT

Despite OPEC+ announcing hat it will increase production by 411,000 barrels a day in July, oil is rallying hard after Republican Senator Lindsey Graham aims to have new sanctions imposed on Russia before the Group of Seven summit in late June. - Graham’s bill, which would impose

Looks like at least a partial return by the RBNZ to the corridor system. Also the cost to borrow is higher. $NZD Following a review the RBNZ will make a number of changes to its liquidity facilities and operations, effective from June 17. Will discontinue the Standing Rep

GDP looking weak with BBG survey at 0.4%/1.5% but some noted analysts downgrading to as low as 0.1% yesterday. The statistical discrepancy for the save today ! 😀