MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1025 WEDS VS 7.1028

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Japan March Exports Hit 4th Straight Rise

Japan Mar Exports +7.3% Y/Y; Imports -4.9% Y/Y

MNI: JAPAN MARCH EXPORTS +7.3% Y/Y; FEB +7.8%

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Fed Hike Pricing Keeps To Highs On Initial Powell Comments

STIR FUTURES
  • Powell's initial comments help maintain the hawkish surge in hikes implied by Fed Funds from the past few hours.
  • There is 52bp of hikes priced for the May meeting, 150bps for the three meetings to July and 244bps for the six meetings this year.
  • Front-end Tsys sitting +12.5bps on the day at 2.70%.
  • Powell: 50bps will be on the table for May meeting - bbg.
  • When asked if it's reasonable to have 3x50bp hikes lined up by the market, his paraphrased answer was in our last meeting, many on the committee thought it would be appropriate to have one of more 50bp hikes… Markets are reacting appropriately, generally.
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