-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US CPI Preview: Setting The Tone For 2025
MNI ASIA MARKETS OPEN: NY Fed Inflation Expectations Gaining
MNI ASIA MARKETS ANALYSIS: Tsy Ylds Drift Higher Ahead CPI/PPI
BI Weighs On Indonesian Bonds
Indonesia lagged peers as markets assess the dovish Bank of Indonesia rate announcement yesterday, the RBI will hope a successful GSAP operation will translate to a robust auction later today.
- INDIA: Yields lower in early trade. Yesterday the RBI conducted its final operation under GSAP 1.0, the Bank purchased INR 345.8bn of sovereign debt, more than the INR 300bn expected (INR 54.25bn of remaining allocation given to state securities). The RBI bought INR 267.8b of 5.85% 2030 bonds at a cutoff yield of 5.9910%, lower than the 6% estimated. The RBI will sell INR 320bn of debt at auction today.
- SOUTH KOREA: Futures higher in South Korea with the 10-year hitting a contract high. Yields lower with a touch of steepening seen. Today's 10-year inflation linked bond auction was successful, bid/cover rose from the previous auction with participants now considering a more hawkish BoK after the release of minutes this week. Markets continue to focus on comments from the MOF yesterday that the government would step in to stabilise markets if needed. Elsewhere, Bloomberg data shows South Korea sold $105.3bn worth of bonds in 2021 so far, Issuance was up 0.5% compared to the same period last year.
- CHINA: Futures slightly higher in China but off best levels, a spike at the open was retraced throughout the session. Repo rates rose as the PBOC maintained liquidity again, both the overnight rate and 7-day rate are within recent ranges. China sold 50-year upsized bonds at yield of 3.8097%, the sale was covered 2.65x. Long end bonds have seen a sell off recently over increased municipal issuance concerns, there has been speculation the steeper yield curve compared to the US could make Chinese debt more attractive. The 10-/30-year spread is the widest in four months.
- INDONESIA: Bonds sold off, yields higher across the curve, some steepening seen. Bank Indonesia left its benchmark interest rate unchanged for the fourth time in a row and stuck to familiar economic projections, with Gov Warjiyo noting that the decision was "consistent with our low inflation projection and maintained rupiah stability and efforts to strengthen the national economic recovery". The Bank pledged to keep monetary policy accommodative. On a different front, Pres Widodo told Jakarta authorities to expedite Covid-19 vaccine rollout in order to reach herd immunity by Aug. Jakarta Gov Baswedan backed the President's call, but some health experts have doubted if the target was realistic.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.