MNI China Daily Summary: Monday, March 11

MNI: PBOC Conducts CNY10 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0969 Mon; -3.09% Y/Y

CHINA PBOC INJECTS CNY10 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.0969 MON VS 7.0978

MNI BRIEF: China February CPI Rises To 1-Year High

EZ/UK T-Bill Calendar: ES, IT, BE, FI, Auction on Tuesday

Bond Supply Calendar: Netherlands, UK, Germany Auction Tuesday

Week Ahead in Macro

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

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Japan 2-Year JGBs Draw Firm Demand, But Futures Unaffected 

     TOKYO (MNI) - The results of the new two-year Japanese government bonds
auctioned Thursday were slightly better than expected, but September 10-year
bond futures were little influenced by the auction results.
     Immediately after the results, September bond futures traded at 150.26,
little changed from the level before the results.
     September 10-year bond futures at midday closed up 0.13 from Wednesday's
close at 150.24.
     The tail stemming from the gap of between the average and accepted lowest
prices widened to 0.002 from 0.001 at the previous auction in June. A smaller
number means that investors' demand for the bonds is stronger.
     The Ministry of Finance sold Y1.7993 trillion of the two-year bonds, with
the lowest accepted price of 100.430, higher than 100.425 expected by market
players.
     The new issue carries a coupon of 0.1%, unchanged from that for the current
two-year issue.
     Bids totaled Y9.6197 trillion, making the bid-to-cover ratio 5.35, down
from 6.79 at the previous similar auction in June.
     JGB investors who bought the new two-year bonds at the auction are expected
to try to sell them at higher prices to the Bank of Japan on Friday, when it
conducts outright bond-buying operations.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: M$A$$$,M$J$$$,M$$FI$,MN$FI$]
Policy NewsBank of Japan (BOJ) Market NewsAPACChinaJapanAustraliaNew ZealandRegion
Policy NewsBank of Japan (BOJ) Market NewsAPACChinaJapanAustraliaNew ZealandRegion
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