CHINA PRESS: A-share IPOs Accelerate In Q1
Apr-15 02:07
A total of 30 companies listed on the A-share market in Q1, compared to 27 over the same period in 2...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
MNI: CHINA JAN-FEB INDUSTRIAL OUTPUT +6.3% Y/Y VS MEDIAN +5.3% Y/Y: NBS
Mar-16 02:00
- CHINA JAN-FEB INDUSTRIAL OUTPUT +6.3% Y/Y VS MEDIAN +5.3% Y/Y: NBS
- CHINA JAN-FEB RETAIL SALES +2.8% Y/Y VS MEDIAN +2.5% Y/Y
- CHINA JAN-FEB FIXED-ASSET INVESTMENT +1.8% Y/Y VS MEDIAN -5.1% Y/Y
- CHINA JAN-FEB PROPERTY INVESTMENT -11.1% Y/Y VS MEDIAN -19.3% Y/Y
- CHINA FEB UNEMPLOYMENT RATE +5.3% VS JAN +5.2%
STIR: Market Slightly Less Certain About RBA Hike Tomorrow Than In February
Mar-16 01:43
Ahead of tomorrow’s RBA policy decision, RBA-dated OIS pricing implies a 68% probability of a 25bp hike, up from 35% in early March.
- The market is slightly less confident about a hike than it was ahead of February’s 25bp hike to 3.85%.
- Looking across recent tightening cycles, the market has priced an average probability of around 64% ahead of a hike, though outcomes have occurred within a wide range of roughly 28% to 112%.
- Interestingly, the lowest probabilities have tended to occur toward the end of tightening cycles—when policy uncertainty is greatest—rather than at the beginning.
- The current situation is somewhat unusual, however, as it remains unclear whether policymakers are at the start of a new tightening phase or merely extending the previous cycle after what some view as a premature easing phase.
Figure 1: RBA-Dated OIS – Cash Rate V Priced Change Next Meeting
Source: Bloomberg Finance LP / MNI
CHINA: Central Bank Injects CNY88.8bn via OMO
Mar-16 01:25
The Chinese central bank will auction 500b yuan of six-month outright reverse repo on Monday, according to a statement. Repo rates have remained steady last week and the maturity profile this week for the 7-day is modest.
- The PBOC issued CNY137.3bn of 7-day reverse repo at 1.4% during this morning's operations.
- Today's maturities CNY48.5bn of 7-day reverse repo
- Net liquidity injection of CNY88.8bn.
- 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 1.48%, from prior close of 1.46%.
- The China overnight interbank repo rate is at 1.30%, from the prior close of 1.34%.
- The China 7-day interbank repo rate is at 1.47%, from the prior close of 1.47%
.
