JGBS: Savage Bear-Steepener As US Long-End Sell-Off On China Fears
Apr-09 03:51
In Afternoon dealings, JGB futures have gapped lower, -34 compared to the settlement levels. * (MNI...
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BONDS: NZGBS: Modestly Richer, Middle Of Ranges, Light Local Calendar
Mar-10 03:43
NZGBs closed in the middle of the day’s ranges, with benchmark yields 1bp higher, on a local data light day.
- “New Zealand banking leaders told a parliament committee that the Reserve Bank's capital requirements may be too onerous and have pushed up interest rates. The leaders suggested that the current capital settings, which are based on a one in 200 year expected event, may be too severe and that a more balanced approach is needed.” (per BBG)
- Swap rates closed flat to 1bp lower, with the 2s10s curve modestly steeper.
- RBNZ dated OIS pricing is flat to 3bps softer across meetings. 25bps of easing is priced for April, with a cumulative 72bps by November 2025.
- Tomorrow, the local calendar will see Mfg Activity Volume, ahead of Card Spending on Wednesday.
- On Thursday, the NZ Treasury plans to sell NZ$250mn of the 4.50% May-30 bond, NZ$200mn of the 4.25% May-34 bond and NZ$50mn of the 5.00% May-54 bond.
JGBS AUCTION: 5-Year JGB Auction Results
Mar-10 03:40
The Japanese Ministry Of Finance (MoF) sells ¥1,751.2bn 5-Year JGBs:
- Average Yield: 1.157% (prev. 0.982%)
- Average Price: 99.74 (prev. 100.08)
- High Yield: 1.172% (prev. 0.989%)
- Low price: 99.67 (prev. 100.05)
- % Allotted At High Yield: 46.9172% (prev. 31.4296%)
- Bid/Cover: 3.1658x (prev. 3.5163x)
JGBS AUCTION: Poll: 5-Year JGB Auction
Mar-10 02:57
*JAPAN 5Y GOVT BOND AUCTION MAY HAVE 99.73 LOWEST PRICE:POLL – BLOOMBERG
