CNH: USD/CNY Fixing Edges Down, But Recent Levels Holding
Mar-28 01:19
The USD/CNY fixing printed at 7.1752, versus a BBG market consensus of 7.2639. * The fixing was dow...
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BOJ: Rinban Purchase Offer
Feb-26 01:19
The BoJ offers to buy a total of Y775bn of JGBs from the market:
- Y300bn worth of JGBs with 3-5 Years until maturity
- Y325bn worth of JGBs with 5-10 Years until maturity
- Y150bn worth of JGBs with 10-25 Years until maturity
CHINA SETS YUAN CENTRAL PARITY AT 7.1732 WEDS VS 7.1726
Feb-26 01:18
- CHINA SETS YUAN CENTRAL PARITY AT 7.1732 WEDS VS 7.1726
AUSSIE BONDS: Holding Richer, CPI Monthly Data Mixed, US Tsys Extend Rally
Feb-26 01:08
ACGBs (YM +4.0 & XM +6.5) are holding richer on the day after the release of January CPI Monthly data.
- Headline CPI in January rose 2.5% y/y versus 2.6% est. However, Trimmed Mean rose to 2.8% y/y from 2.7% in December.
- Total construction rose 0.5% q/q (estimate +1.0%) in Q4 versus a revised +2.0% in Q3.
- Cash US tsys are flat to 1bp richer, with a flattening bias, in today’s Asia-Pac session after yesterday’s solid gains.
- Cash ACGBs are 5-6bps richer with the AU-US 10-year yield differential +5bps.
- The bills strip has bull-flattened, with pricing flat to +6.
- RBA-dated OIS pricing is softer across meetings today, led by late 2025. A 25bp rate cut in April is given an 11% probability, with a cumulative 56bps of easing priced by year-end (based on an effective cash rate of 4.09%).
