MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

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

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

Slightly Cheaper, US Tsys Pare Pre-Weekend Gains

AUSSIE BONDS

ACGBs more than reverse the gains seen ahead of the weekend to be sitting slightly weaker (YM -2.0 & XM -1.5) after US tsys cheapen 4bp in early Asia-Pac trade. With little meaningful macro news flow crossing thus far, local participants appear content to trade with US tsys ahead of tomorrow’s RBA policy decision.

  • On the local data front, Judo Bank Mfg PMI (final) printed slightly lower at 48.0 versus 48.1 prior, while the MI Inflation Gauge printed 6.1% Y/Y in April from 5.7% in March.
  • Cash ACGBs are flat to 1bp cheaper with the AU/US 10-year yield differential +3bp at -11bp.
  • Swap rates are 2bp higher with EFPs slightly wider.
  • Bills strip pricing is -2 to +1 with mid-reds the strongest.
  • RBA dated OIS is flat to 4bp firmer across meetings with a 12% chance of a 25bp hike priced for tomorrow’s meeting.
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.