MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1196 Fri; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY10 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1196 FRI VS 7.1192

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

Japan May Core CPI +2.5% Y/Y; Energy Price Surges

MNI BRIEF: Japan May Core CPI Rises 2.5% Vs. April +2.2%

MNI JAPAN MAY CORE CPI +2.5% Y/Y; APRIL +2.2%

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

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

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

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Holding Lower, No Extension Yet

JGBS

JGB futures have lacked any real follow through during Tokyo trade, with the contract, making a very brief and limited show below the overnight lows shortly after the re-open, before reverting back within the overnight range, hitting the break 15 ticks below Friday's settlement levels.

  • Cash JGBs little changed, running as much as ~0.5bp cheaper across the curve, 10s printing at ~0.115%, with eyes on the March '20 vol high at 0.125%. Swaps run wider across most of the curve.
  • Local news flow remains light, with the BoJ leaving the purchase sizes of its 10-25+ Year Rinban ops unchanged, with offer to cover ratios as follows:
  • 10-25 Year: 4.66x (prev. 4.08x)
  • 25+ Year: 5.22x (prev. 4.85x)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets

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