JGBS: Bull-Flattener, BOJ's Ueda Avoids October Rate Hike Signal

Oct-03 01:29

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In Tokyo morning trade, JGB futures are stronger, +13 compared to settlement levels. * (MNI Brief) ...

Historical bullets

CHINA: Central Bank Withdraws CNY150.8bn via OMO

Sep-03 01:26
  • The PBOC issued CNY229.1bn of 7-day reverse repo at 1.4% during this morning's operations.
  • Today's maturities CNY379.9bn.
  • Net liquidity withdraws CNY150.8bn.
  • 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 1.41%, from prior close of 1.43%.
  • The China overnight interbank repo rate is at 1.30%, from the prior close of 1.29%.
  • The China 7-day interbank repo rate is at 1.45%, from the prior close of 1.36%.
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CNH: USD/CNY Fixing Edges Higher, Error Term Widens

Sep-03 01:24

The USD/CNY fixing printed at 7.1108, against a BBG market consensus of 7.1494. 

  • Today's fixing continued the recent recover in the fixing outcome. Consistent with periods of USD strength, we did see the error term re-widen to -386pips, from -246pips yesterday.
  • USD/CNH was last around 7.1400, a touch higher for the session, but it is outperforming the majors, which are losing further ground versus the USD. 

CHINA SETS YUAN CENTRAL PARITY AT 7.1108 WEDS VS 7.1089

Sep-03 01:17
  • CHINA SETS YUAN CENTRAL PARITY AT 7.1108 WEDS VS 7.1089