MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

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

NZGBS: Slightly Cheaper Ahead Of AU Q2 CPI & FOMC

BONDS

In early local trade, NZGBs are 1-2bp cheaper after a relatively subdued NY session ahead of key central bank meetings. US tsys finished 1-2bp cheaper after paring early losses after news that Banc of California is in advanced talks to buy PacWest. The news drove the KBW banking index to session lows and saw PACW shares at one point fall 27%. The early drop in US tsys was driven by positive developments, including upward revisions to the IMF’s global growth and core CPI forecasts in its updated WEO, alongside strong data releases. Notably, house prices surpassed expectations, and the Conference Board's consumer survey showed a robust increase in consumer sentiment.

  • Swap rates are 4-5bp higher.
  • RBNZ dated OIS pricing is flat to 3bp firmer across meetings.
  • Australian PM Albanese is heading to Wellington for defence and economic talks with his NZ counterpart Chris Hipkins.
  • With the local calendar empty today, the focus will be firmly on Australia’s Q2 CPI. The next key domestic release is ANZ Consumer Confidence (Jul) on Friday.
  • NZ Treasury plans five nominal bond auctions in August. Each weekly auction will offer NZ$500m bonds. Subject to demand and market conditions offers of inflation-indexed bonds will be made Aug 10 and Aug 24.
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.