MNI BRIEF: China March CPI Lower Than Market Expectation

MNI: PBOC Injects Net CNY2 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0968 Thurs; -4.96% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.0968 THURS VS 7.0959

MNI BRIEF: Brazil Inflation 3.93% In March, Lowest In 9 Months

CHINA MAR FOOD PRICES -2.7% Y/Y VS -0.9% Y/Y FEB

CHINA MAR CPI +0.1Y/Y VS MEDIAN +0.4%; FEB +0.7% Y/Y: NBS

MNI: US MAR TREASURY BUDGET -236.5B

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Drifting Further From Best Levels

AUSSIE BONDS

ACGB futures have backed away from overnight highs throughout the Sydney session (after retests for both YM & XM), with a pullback in U.S. Tsy futures (albeit on holiday-thinned trade) facilitating the move lower in the Aussie bond space. Cash ACGBs run 5.5bp to 7.5bp richer across the curve with the belly leading the bid. YM and XM are +7.0 and +7.5 apiece, while Bills run 2 to 11 ticks richer through the reds, bull flattening, but well shy of best levels observed since Friday’s settlement.

  • Stronger than expected housing finance data and a firmer ANZ job ads print earlier in the session failed to elicit much reaction from the Aussie bond space, keeping in mind last week’s moves in ACGBs, with proximity to Tuesday’s RBA decision likely foremost in participants’ minds.
  • Tuesday will see the S&P Global Services and Composite PMIs cross first, with the RBA’s decision due later in the day (with most looking for a 50bp rate hike).
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.