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China Repo Rates Fall On Thursday


CNY Fixing - Still Close To Neutral


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Twist Steepening At The Margin


Cash Tsys now run 1bp richer to 1bp cheaper, as the curve twist steepens at the margin, pivoting around 10s. Impetus from the JGB space may have aided the modest twist steepening.

  • TYZ2 deals at unchanged levels of 109-11+, sticking to a narrow 0-05 range, with a couple of 1.4K block sales in the contract noted thus far.
  • Ranges remain tight, with little in the way of meaningful headline flow crossing over the last couple of hours.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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