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CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

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CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

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CORRECTION: France Flash HICP In-Line

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

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

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APAC Credit Tighter On Month End Buying, QBE Outlook Revised

CREDIT UPDATE
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  • Regional Asian equities are higher today, Chinese listed property names are higher today, while Hong Kong listed trade down a touch, with Chinese policy makers looking to reduce the massive amount of housing inventory, while China Vanke is in advanced talks to get a $6.9b loan.
  • Aus Corps 2-3bp tighter, better buying in high beta names. Aus Snr Fins 1bps tighter, while are Subs are 1-2bp tighter. China & Korea credit are unch to 1bp tighter. In the EM space, Indonesian quasis are 1-2bps tighter and EM sovs are are unchanged
  • Aus iTraxx CDS unchanged at 65bps & Asia Ex-J iTraxx is up 0.5bp at 97bps
  • Headlines: S&P revises QBE Outlook to Positive (BBG)
  • Rates: Local rates are richer today, US Treasury yields are unchanged ahead of PCE later tonight.
  • Data: Japan - Jobless rate was in line at 2.6%, Job-To-Applicate Ratio was 1.26 vs 1.28 est, Tokyo CPI was 2.2% vs 2.2% est, Industrial Production was -0.1% vs 1.5% est, while Retail Sales was 2.4% vs 1.7% est. Aus - Private Sector Credit 0.5% m/m vs 0.4% est. China - Composite PMI 51 vs 51.7 prev, Manufacturing PMI 49.5 vs 50.5 est & Non-Manufacturing PMI 51.1 vs51.5 est.
  • Primary Deals: Moneyme announced an AUD Personal Loan ABS.
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  • Regional Asian equities are higher today, Chinese listed property names are higher today, while Hong Kong listed trade down a touch, with Chinese policy makers looking to reduce the massive amount of housing inventory, while China Vanke is in advanced talks to get a $6.9b loan.
  • Aus Corps 2-3bp tighter, better buying in high beta names. Aus Snr Fins 1bps tighter, while are Subs are 1-2bp tighter. China & Korea credit are unch to 1bp tighter. In the EM space, Indonesian quasis are 1-2bps tighter and EM sovs are are unchanged
  • Aus iTraxx CDS unchanged at 65bps & Asia Ex-J iTraxx is up 0.5bp at 97bps
  • Headlines: S&P revises QBE Outlook to Positive (BBG)
  • Rates: Local rates are richer today, US Treasury yields are unchanged ahead of PCE later tonight.
  • Data: Japan - Jobless rate was in line at 2.6%, Job-To-Applicate Ratio was 1.26 vs 1.28 est, Tokyo CPI was 2.2% vs 2.2% est, Industrial Production was -0.1% vs 1.5% est, while Retail Sales was 2.4% vs 1.7% est. Aus - Private Sector Credit 0.5% m/m vs 0.4% est. China - Composite PMI 51 vs 51.7 prev, Manufacturing PMI 49.5 vs 50.5 est & Non-Manufacturing PMI 51.1 vs51.5 est.
  • Primary Deals: Moneyme announced an AUD Personal Loan ABS.