BOJ SEES BIGGER UPSIDE RISKS TO PRICES IN FY2024, 2025

BOJ SEES FY24 REAL GDP +0.6% VS. APR +0.8%

BOJ MEDIAN FY24 CORE CPI +2.5% VS. APR +2.8%

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

Japan Jun Retail Sales +3.7% Y/Y

Japan Jun Ind. Output -3.6% M/M; First Fall In 2 Mths

MNI BRIEF: Aussie CPI In Line With Forecasts

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

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

Little Changed, Light Calendar, RBA Gov. Bullock In Parliament Tomorrow

AUSSIE BONDS

ACGBs (YM flat & XM flat) are weaker after trading in narrow ranges during the Sydney. With the domestic calendar empty, local participants have likely been monitoring US tsys watch after yesterday’s moderate rise in yields. Cash US tsys are currently dealing 1-2bps richer in today’s Asia-Pac session.

  • Cash ACGBs are unchanged, with the AU-US 10-year yield differential 1bp tighter at flat.
  • Swap rates are 1bp lower, with EFPs slightly tighter.
  • The bills strip is slightly cheaper, with pricing flat to -1.
  • RBA-dated OIS pricing is flat to 4bps softer across meetings. A cumulative 47bps of easing is priced by year-end.
  • (AFR) Central banks around the world are at pains to push back on the wave of rate cut optimism that is driving sharemarkets higher, yet bond traders still believe an easing cycle is imminent, including in Australia. (See link)
  • TCorp has issued A$500mn of its existing 3.00% Feb-30 (A$272mn) and 2.00% Mar-31 (A$228mn) benchmark bonds, with cover ratios of 3.60x and 8.00x respectively.
  • Tomorrow, the local calendar will see RBA Governor Bullock appear before the House of Reps Economics Committee at 0930 AEDT.
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.