MNI: PBOC Net Drains CNY408.7 Bln Via OMO Tues

MNI: PBOC Sets Yuan Parity Lower At 7.1334 Tues; -1.30% Y/Y

CHINA PBOC CONDUCTS CNY267.3 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1334 TUES VS 7.1335

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CBRT Data Watch

NBH Data Watch

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

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

Light Local Calendar, Subdued Trading, US Tsys Providing Support

AUSSIE BONDS
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

ACGBs (YM -4.0 & XM -2.5) are holding weaker after dealing in narrow ranges in today’s Sydney session. With the domestic calendar light today, cash US tsys have been the key influence on the local market. Cash US tsys are 1-2bps richer in today’s Asia-Pac session, ahead of Regional Fed and Existing Home Sales data and a $69bn 2Y Note auction.

  • The AOFM sold A$100mn of 2.50% 20 Sep 2030 inflation-linked bond at a weighted average yield of 1.7172%, with a cover ratio of 3.4500x.
  • Cash ACGBs are 3bps cheaper, with the AU-US 10-year yield differential at +10bps.
  • Swap rates are 2bps higher.
  • The bills strip has bear-steepened, with pricing flat to -3.
  • RBA-dated OIS pricing is little changed out to May-25 and 1-2bps firmer beyond. Terminal rate expectations sit at 4.43%.
  • Tomorrow, the local calendar will see Preliminary Judo Bank PMIs. This will be the data highlight for the week.
  • ICYMI, the AOFM announced on Friday that a new Dec-35 bond is planned to be issued via syndication this week (subject to market conditions). The issue size is expected to be around $10bn.
183 words

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.

ACGBs (YM -4.0 & XM -2.5) are holding weaker after dealing in narrow ranges in today’s Sydney session. With the domestic calendar light today, cash US tsys have been the key influence on the local market. Cash US tsys are 1-2bps richer in today’s Asia-Pac session, ahead of Regional Fed and Existing Home Sales data and a $69bn 2Y Note auction.

  • The AOFM sold A$100mn of 2.50% 20 Sep 2030 inflation-linked bond at a weighted average yield of 1.7172%, with a cover ratio of 3.4500x.
  • Cash ACGBs are 3bps cheaper, with the AU-US 10-year yield differential at +10bps.
  • Swap rates are 2bps higher.
  • The bills strip has bear-steepened, with pricing flat to -3.
  • RBA-dated OIS pricing is little changed out to May-25 and 1-2bps firmer beyond. Terminal rate expectations sit at 4.43%.
  • Tomorrow, the local calendar will see Preliminary Judo Bank PMIs. This will be the data highlight for the week.
  • ICYMI, the AOFM announced on Friday that a new Dec-35 bond is planned to be issued via syndication this week (subject to market conditions). The issue size is expected to be around $10bn.