MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: China CFETS Yuan Index Down 0.05% In Week of Jul 19

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

MNI: PBOC Conducts CNY58.2 Bln Via OMO Mon; 7day Repo Rate Cut

MNI BRIEF: PBOC Cuts 7-Day Repo Rate By 10bp

CHINA PBOC CONDUCTS CNY58.2 BILLION VIA 7-DAY REVERSE REPOS MON

Pay concerns push back easing expectations; curve flattens

BoC Data Watch

PHILIP Front-End Weaker As Gov Borrowing Increases

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

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

France Will Sell E10.0-11.5bn Of L/T OATS

FRANCE AUCTION PREVIEW

France will well a combination of long-term OATs for E10.0-11.5bn on Thursday. On offer are the 0% Nov-30 OAT, 1.25% May-34 OAT, 0.50% May-40 OAT and the 0.75% May-52 OAT.

  • BACKGROUND: Previous auction results (date, volume, average yield, bid-to-cover): 0% Nov-30 OAT (2 Jul 2020, E5.54bn, -0.09%, 2.73x), 1.25% May-34 OAT (2 Jul 2020, E2.21bn, 0.11%, 2.14x), 0.50% May-40 OAT (27 May 2020, E7.0bn, 0.53%, synd), 0.75% May-52 OAT (3 Sep 2020, E1.77bn, 0.53%, 1.99x ).
  • RV/HISTORY: The long-end of the OAT curve has started to trade weaker in in recent days, having broadly rallied through September. Tentative signs of a slowdown in economic momentum, coupled with disappointingly weak September CPI prints in Germany, France and Italy, have kept OATs supported. This morning's September PMI prints are final estimates and should not be market-moving. Spain will be adding supply around the same time as the OAT auction, but recent experience suggests that the market has little difficulty in absorbing issuance from both sellers.
  • TIMING: Results are due out shortly after the auction closes at 0950BST.
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.