AUSSIE BONDS: Cheaper But Off Worst Levels, MI Infl Exps Highest Since April

Feb-13 01:57

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ACGBs (YM -3.0 & XM -2.5) are weaker but well off Sydney session cheaps. * Melbourne Institute's Fe...

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MNI: CHINA PBOC CONDUCTS CNY55.0 BLN VIA 7-DAY REVERSE REPO TUES

Jan-14 01:21
  • CHINA PBOC CONDUCTS CNY55.0 BLN VIA 7-DAY REVERSE REPO TUES

CNH: USD/CNY Fixing Steady, Error Term Narrows

Jan-14 01:18

The USD/CNY fix printed at 7.1878, versus a Bloomberg market consensus of 7.3202.

  • This keeps the fixing error wedged under 7.1900 for now. The fixing error narrowed to -1324pips, versus -1565pips yesterday.
  • USD/CNH got to lows of 7.3342 in the first part of trade (aided by broader USD softness post headlines that the US economic team advising Trump was considering gradual tariff shifts). However, we sit higher now, last near 7.3450, little changed for the session.   

CHINA SETS YUAN CENTRAL PARITY AT 7.1878 TUES VS 7.1885

Jan-14 01:16
  • CHINA SETS YUAN CENTRAL PARITY AT 7.1878 TUES VS 7.1885