MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

NZGBS: Slightly Richer, US Tsys Finish With A Modest Twist-Flattening

BONDS

In local morning trade, NZGBs are slightly richer after the release of Q4 PPI data. Producer Output Prices rose 0.7% q/q in Q4 (0.8% prior), with Producer Input Prices rising 0.9% q/q (1.2% prior).

  • Overnight, US tsys twist-steepened, with benchmark yields 3bps lower to 1bp higher. The US calendar is light this week.
  • US tsys had strengthened early in line with EGBs following a larger than expected 25bp reduction in China’s 5Y LPR during Asia-Pac hours and softer ECB Q4 negotiated wages to 4.5% from 4.7%.
  • Canadian CPI inflation data for January printed an annual headline rate of 2.9%, putting it back within the target range, with the average of trimmed mean and median measures falling to 3.35%.
  • Swap rates are 1bp lower.
  • RBNZ dated OIS pricing is 1-4bps softer for meetings beyond April. A cumulative 41bps of easing is priced by year-end.
  • In Australia, Q4 Wage Price Index will be released.
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.