MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: Japan June Tokyo Core CPI Rises 2.1% Vs. May 1.9%

Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M

MNI BRIEF:Japan May Factory Output Hits First Rise in 2 Months

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

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

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Weaker Into The Close

JGBS

JGBs were offered in Tokyo, owing to the New York impetus in U.S. Tsys, with futures last -15 vs. settlement, easing to worst levels into the close. The shorter end of the cash curve outperformed, with 5-Year+ plus paper cheapening, resulting in twist steepening, as 7s and 40s represented the weak points on the curve.

  • The latest round of BoJ Rinban operations saw the purchase sizes of the buckets covering 1-10 Year paper left as was, with offer/cover ratios as follows: 1-3 Year: 2.75x (prev. 1.56x), 3-5 Year: 3.23x (prev. 3.48x), 5-10 Year: 2.66x (prev. 3.17x).
  • Local data was inconsequential for price action, as the core Tokyo CPI readings met expectations, softening vs. the previous month, labour market details showed no real deviation vs. expectations and industrial production provided a modest beat.
  • Focus now moves to the BoJ's November Rinban plan, due to be released after hours.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets

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