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NZD Jumps As Rate Hike Expectations Accelerate


Futures Unchanged Overnight, Rinban Eyed

     BEIJING (MNI) - The Chinese yuan weakened to 6.4058 against the U.S. dollar
on Monday from Friday's 6.4040 closing, following today's stronger fixing.
     PBOC set the yuan central parity rate vs the U.S. dollar at 6.4112,
stronger than Friday's 6.4169. Today's fixing was the highest since Dec. 8,
     Interbank market rates fell after PBOC injected net CNY20 billion by open
market operations. 
- 7-day deposit repo average was last at 2.9000%, lower than 2.9225% Friday
- Overnight deposit repo average at 2.7426%, higher than 2.8554% Friday. 
     Yield on 10-year China government bonds last traded 3.9600%, down from
3.9750% at close on Friday: Wind Information 
The Shanghai Composite Index finished midday trading up 0.22% to 3,495.40.
Shares in packaging and household appliances led the gain. In Hong Kong, the
Hang Seng Index rose 0.04% to 32,268.93.                   
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--MNI Beijing Bureau; +86-10-8532-5998; email:
--MNI Beijing Bureau; +86 10 8532 5998; email:
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]