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CHINA PRESS

China Repo Rates Fall on Thursday

CHINA PRESS

Evergrande Risks Can Be Controlled: PBOC

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A quick dive into today's A$1.0bn ACGB Jun '31 auction reveals that the weighted average yield printed 0.47bp through prevailing mids at the time of supply (per Yieldbroker). The cover ratio was comfortably above 4.00x. This represents a solid auction, even in the face of aggressive U.S. Tsy-driven cheapening, with a better entry point building on the support provided by the previously outlined (and well defined) supportive factors that have been in play in recent times.