MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: AUSTRALIA MAY BUILDING APPROVALS -6.5% M/M, -3.7% Y/Y

MNI: AUSTRALIA JUN DWELLING APPROVALS -6.5% M/M

Unemployment Rate Falls, But So Does Job-To-Applicant Ratio

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

20-year Auction Goes Well

JGBS

20-year supply displays strong demand metrics. The low price beat dealer expectations (which stood at 96.60, per the BBG poll), the cover ratio increased to 3.852x from 3.126x at last month’s auction and the auction tail shortened materially.

  • As highlighted in the auction preview, today’s auction followed on the heels of solid results at February’s 10- and 30-year JGB supply and offered an outright yield that was around 15bps higher than the level observed in January.
  • Despite a Reuters report indicating the BoJ's potential end to negative interest rates in coming months amidst the country's recession, the bid tone at today's auction remained resilient, showing no signs of deterrence.
  • JGB futures have initially gapped higher after the lunch break, pushing to new session lows.
  • The 20-year JGB has initially richened 3bps in post-auction trade.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.