CNH: USD/CNY Fixing Edges Down, Fixing Error Narrows Sharply
Feb-21 01:24
The USD/CNY fixing printed at 7.1696, versus a Bloomberg market consensus of 7.2460. * The fixing e...
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CNH: USD/CNY Fixing Dips A Touch, Error Terms Narrows
Jan-22 01:18
The USD/CNY fix printed at 7.1696, versus 7.2659 per the BBG market consensus.
- Today's fixing is lower than yesterday's outcome (7.1703), albeit just. The fixing error narrowed further, last at -963pips, from -1231pips yesterday.
- USD/CNH hasn't shifted much post the fixing, last 7.2475, holding sub session highs, which came earlier following a fresh Trump tariff warning (10% on China, potentially from Feb 1).
MNI: CHINA SETS YUAN CENTRAL PARITY AT 7.1696 WED VS 7.1703
Jan-22 01:16
- CHINA SETS YUAN CENTRAL PARITY AT 7.1696 WED VS 7.1703
US TSYS: Tsys Yields Opening Higher, Trump Says 10% Tariffs On China
Jan-22 01:11
- Cash tsys yields are opening 1-2bps higher in Asia, the belly is under performing slightly, giving back some of Tuesday out performance. The 10yr is +1.6bps at 4.593%
- The 2s10s curve is holding steady at 30bps, while the 5s30s is -1bps at 40.306.
- Headlines from Trump have been trickling out, however there has been nothing we hadn't already expected. There were comments about 10% tariffs on goods imported from China on Feb. 1 because fentanyl is being sent from China to Mexico and Canada. There has also been comments about sanctions on Russia if they don't negotiate with Ukraine.
