MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Little Changed, Narrow Ranges, Light Local Calendar

AUSSIE BONDS

ACGBs (YM -1.0 & XM +1.0) are little changed after dealing in relatively narrow ranges in today’s Sydney session. Today’s data drop failed to be a market mover. Judo Bank PMI Mfg fell to 47.8 from 50.1 in January. It was 50.5 a year ago. Meanwhile, CoreLogic House Prices showed a rise of 0.6% m/m (-1.4% y/y) in February.

  • Cash tsys are dealing 1-2bps cheaper in today’s Asia-Pac session. Fed Williams said in a Fireside Chat after the US market close that he doesn’t believe the Fed needs to tighten monetary policy further. He added that he expects to cut interest rates later this year.
  • Cash ACGBs are flat to 1bp richer, with the AU-US 10-year yield differential 1bp higher at -14bps.
  • ACGB May-34 went smoothly with more demand present. The cover ratio moved higher to 3.6437x from 3.1125x at the February auction. The weighted average yield printed 1.28bps through prevailing mids (per Yieldbroker).
  • Swap rates are flat to 1bp lower.
  • The bills strip is little changed.
  • RBA-dated OIS pricing is little changed across meetings. A cumulative 37bps of easing is priced by year-end.
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.