AUSSIE BONDS: 3Y Futures Price Falls To Lowest Since Nov '23 After Jobs Data
Jan-22 01:25
Employment rose 65,175 m/m (estimate +27k) in December versus revised -28.7k in November. Jobless ra...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
CHINA: Central Bank Withdraws CNY76bn via OMO
Dec-23 01:24
Liquidity continues to tighten into year end as month to date liquidity withdrawal nears CNY1bn after today's withdrawal. Repo rates remain steady, with limited upward pressure.
- The PBOC issued CNY59.3bn of 7-day reverse repo at 1.4% during this morning's operations.
- Today's maturities CNY135.3bn.
- Net liquidity withdraws CNY76bn.
- The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
- The CFETS Pledged Repo Deposit Institutions 7 Day Weighted is at 1.37%, from prior close of 1.43%.
- The China overnight interbank repo rate is at 1.25%, from the prior close of 1.45%.
- The China 7-day interbank repo rate is at 1.35%, from the prior close of 1.35%
CNH: USD/CNY Fixing Lower, But Fixing Error Above +200pips.
Dec-23 01:20
The USD/CNY fix printed at 7.0523, versus a BBG market consensus of 7.0296. This is a fresh low for the fixing back to 2024, but the error term also widened to +227pips, fresh highs for this most recent cycle where fixing outcomes have been above market estimates. USD/CNH is holding above 7.0300 in latest dealings, little changed for the session and against earlier fresh lows of 7.0286.
CHINA SETS YUAN CENTRAL PARITY AT 7.0523 TUE VS 7.0572
Dec-23 01:15
- CHINA SETS YUAN CENTRAL PARITY AT 7.0523 TUE VS 7.0572
