MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

BOJ SEES BIGGER UPSIDE RISKS TO PRICES IN FY2024, 2025

BOJ SEES FY24 REAL GDP +0.6% VS. APR +0.8%

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

MNI: FRANCE FLASH JULY HICP +2.6% Y/Y, +0.2% M/M

MNI: FRANCE JUN PPI -0.3% M/M, -6% Y/Y

MNI: GERMANY JUNE EXPORT PRICES +0.6% Y/Y, +0.3% M/M

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

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

Rates: Chilean Camara Curve Bear Flattens Following Growth Data

LATAM
  • Latam Rates Snapshot: Notable moves in Brazil and Chilean swap rates following stronger growth data in both regions earlier today.
  • The Brazilian DI curve has flattened. The front end continues to face pressure from marginally higher US yields, unwinding last week's shift lower as markets remain focused on the BCB's aggressive front-loaded tightening cycle. The rally in the belly and long end reflects strong currency gains, following the firm GDP prints that caused GS, Citi and BoA to upgrade their growth forecasts.
  • The Chilean Camara curve has bear flattened following the large surprise beat in April economic activity. This may bolster the view that the economic outlook is now significantly better compared with estimates in the March Monetary Policy Report (IPoM), potentially placing more pressure on the central bank to tighten policy sooner than expected.
  • Brazil DI Swaps:
    • 1-yr +7 bps at 5.13%
    • 2-yr +7 bps at 6.75%
    • 5-yr -2 bps at 8.17%
    • 10-yr -7 bps at 8.99%
  • Chile Camara Swaps:
    • 1-yr +10 bps at 1.05%
    • 2-yr +9 bps at 1.78%
    • 5-yr +6 bps at 2.97%
    • 10-yr +2 bps at 3.81%
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.