CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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APAC Credit Widens Post FOMC, Issuance Picks Up

CREDIT UPDATE
  • Regional Asian equities are mixed today, Japan & Chinese markets were lower while tech stocks saw SK & Taiwan markets rally over 1%.
  • Aus Fins (Snr/Sub) are both unch, while Aus corps are unch to +1bp. Asia IG is 1-2bps wider, yields on HY credit are 1-3bps wider, while EM sov are also 1-3bps wider.
  • Aus iTraxx CDS is 1.5bps lower at 65.5bps & Asia Ex-J iTraxx is 2bp lower at 95.5bps
  • Rates: ACGBs & NZGBs yields are 5-8.5bps lower, while JGB yields are flat to 3.5bps lower.
  • Data: NZ Card Spending -0.9% y/y vs +0.9% prior, Job Ads -4.8% m/m vs -4.9% prior. AU May employment 39.7k m/m vs 30k est, unemployment rate 4% vs 4% est, CBA household spending +4.3% y/y vs +2.7% prior. Japan Q2 BSI All-Industry 0.4 vs 0.0 prior.
  • Primary Deals/headlines: Priced: Udc Endeavour Auto ABS Trust 2024-1 NZ$300M Issuance, Henan Civil Aviation CNY200m 3Y Green to Yield 3.3%. Mandate - Bayer AG CNY Panda Bond, Teacher Mutual Bank A$ 3Y Bond at +140bps area, Mapletree Investments SGD Benchmark 12Y 3.85% Area, Korea Gas USD 144A/Reg S 3Y or 5Y Bond, Liberty Series 2024-1 Auto A$600m, Wuhan Urban Construction $Bmark 3Y Sust. at 6.05% Area, Zhongyuan Yuzi Investment $Bmark 3Y Sust. Reg S 6.45% Area
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Credit BulletsBulletHomepagemarkets-real-timeCredit

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