MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: China CFETS Yuan Index Up 0.40% In Week of Jun 14

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1149 MON VS 7.1151

NBH Data Watch

Japan Apr Machine Orders -2.9% M/M

CHINA MAY INDUSTRIAL OUTPUT +5.6% Y/Y VS MEDIAN +5.9% Y/Y: NBS

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Richer, At Sydney Session Highs, Light Calendar, Tracking Tsys

AUSSIE BONDS

ACGBs (YM +3.0 & XM +2.5) are richer and near Sydney session highs. Without domestic catalysts, local participants appear to have been on US tsys and headlines watch. US tsys are sitting at Asia-Pac session highs, with benchmark yields 1-3bp richer. There has been no news of significance so far in the session. The curve has steepened.

  • Cash ACGBs are 3-4bp richer, with the AU-US 10-year yield differential -1bp at -8bp.
  • Swap rates are 2-3bp lower, with EFPs slightly wider.
  • The bills strip has bull flattened, with pricing flat to +4.
  • RBA-dated OIS pricing is flat to 2bp softer across meetings. A 5% chance of a 25bp hike in September is priced, with terminal rate expectations at 4.20%.
  • Bloomberg reports that Australia’s bonds open higher on concern over China’s stuttering growth outlook, with the Asian nation’s press saying Beijing will soon need a “whatever-it-takes” policy declaration. (See link)
  • Speech by RBA Deputy Governor Michele Bullock, “Climate Change and Central Banks” is due at 0840 BST / 1740 AEST.
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.