Free Trial
EURIBOR OPTIONS

Put Condor

EGB OPTIONS

Bund call spread

EQUITIES

Emini at new intraday low

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

LPR On Hold As Expected

CHINA RATES

The PBOC matched injections with maturities, the overnight repo rate rose 5bps to 2.0808% while the seven-day repo rate rose 2.2bps to 2.1619%. Both rates are well below this week's highs. Futures gapped higher at the open, 10-year up 15 ticks at 98.255 having run into resistance at 98.335.

  • China's 1- & 5-Year Loan Prime Rates were kept on hold at 3.85% and 4.65% respectively. The decision was in line with expectations. LPR rates have been unchanged since April 2020 when the PBOC cut rates to help cope with the impact of the pandemic. The MLF, which is linked to the LPR, was unchanged for the 14th month earlier this week. While there was speculation that the PBOC could increase the LPR's to help reign in rising producer prices, the bank said in its Q1 Monetary Policy report that the pickup in inflation is expected to be transitory and the bank could look through the readings.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.