AUSSIE BONDS: AU-US 10Y Diff Sits In Bottom Half Of Range

May-23 01:30

You are missing out on very valuable content.

The AU-US 10-year cash yield differential currently stands at -10bps, positioned in the bottom half ...

Historical bullets

CNH: USD/CNY Fixing Higher, But Error Term Rewidens On USD Bounce

Apr-23 01:25

The USD/CNY fix printed at 7.2116, versus a BBG market consensus of 7.3417. 

  • Today's fix saw a re-widening of the error term to -1301pips from -818pips yesterday. This fits with higher USD index levels over the past 24 hours.
  • The actual fix was still below recent highs, which rest at 7.2133.
  • USD/CNH dipped to lows of 7.2922 earlier, but sits back around 7.3050 in latest dealings. We saw earlier support for CNH following comments from US President Trump that the final tariff rate on China would be lower than the 145% that currently prevails. 

MNI: CHINA PBOC CONDUCTS CNY108 BLN VIA 7-DAY REVERSE REPO WEDS

Apr-23 01:22
  • CHINA PBOC CONDUCTS CNY108 BLN VIA 7-DAY REVERSE REPO WEDS

US TSY FLOWS: Block BUY: USM5

Apr-23 01:20

2800 of USM5 traded at 114-22, post-time 01:25:20 BST (DV01 $353,492). The contract is currently dealing at 114-12, +0-25 from closing levels.