MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

RBA SAYS SOME UPSIDE INFLATION RISKS HAVE EASED.

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

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

PREVIEW: 30-Year JGB Supply Due

JGBS AUCTION

The Japanese MOF will today sell Y900bn of 30-Year JGB's re-opening JB#72. The MOF last sold 30-Year debt on November 9, the auction drew cover of 3.449x at an average yield of 0.683%, average price of 100.42, high yield of 0.685%, low price of 100.35, with 24.8033% of bids allotted at the high yield.

  • 30s currently provide a YtM of comparable nature when compared to the prevailing levels witnessed at the November auction, with continued life insurer demand observed in the super long end of the curve in recent weeks.
  • The 5-/30-Year yield spread hasn’t moved much at all in recent months, even with lifer demand in the long end evident. The same holds true for the likes of the 10-/30- & 20-/30-Year yield spreads, with 10s and 20s both providing more attractive carry & roll propositions when compared to 30s.
  • On the plus side, we note that worry re: a notable increase in longer dated coupon issuance, to facilitate the funding of the supplementary budget/fiscal stimulus, seems to have receded for now.
  • Results due at 0335GMT/1235JST.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income BulletsHomepageBond Market News
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income BulletsHomepageBond Market News

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.