MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

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

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Cheaper, Narrow Ranges, CPI Monthly Tomorrow

AUSSIE BONDS

ACGBs (YM -2.0 & XM -4.0) are holding cheaper after dealing in relatively narrow ranges in today’s Sydney session. The domestic calendar has been light.

  • Cash ACGBs are 2-4bps cheaper, with the AU-US 10-year yield differential unchanged at -19bps.
  • Swap rates are 1bps higher.
  • The bills strip is slightly cheaper, with pricing flat to -2.
  • RBA-dated OIS pricing is slightly mixed. A cumulative 41bps of easing is priced by year-end.
  • (AFR) Unions’ push for a 5 per cent increase in minimum rates for 2.9 million workers will ensure interest rates remain higher for longer and restrict hiring, businesses warned. (See link)
  • (AFR Ed Shann) I doubt the current optimism that falling inflation will allow interest rate cuts anytime soon. In fact, it is possible rates will need to rise again to tame domestic inflation. (See link)
  • Tomorrow, the local calendar will see the CPI Monthly for February. Consensus is at 3.5% y/y from 3.4% in January.
  • The Commonwealth Bank is predicting a rise to 3.8% y/y, with expectations that Q1 Trimmed Mean CPI will rise 0.8% q/q when the quarterly data is released on April 24.
  • Tomorrow, the AOFM plans to sell A$800mn of the 4.5% Apr-33 bond.
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.