CHINA: Central Bank Withdraws CNY
Sep-05 01:23
- The PBOC issued CNY188.3bn of 7-day reverse repo at 1.4% during this morning's operations.
- Today's maturities CNY782.9bn.
- Net liquidity withdraws CNY594.6bn.
- 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 1.40%, from prior close of 1.44%.
- The China overnight interbank repo rate is at 1.30%, from the prior close of 1.30%.
- The China 7-day interbank repo rate is at 1.50%, from the prior close of 1.45%.
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AUSSIE BONDS: Smooth Digestion Of Mar-36 Supply But With Less Demand
Aug-06 01:22
The latest ACGB Mar-36 auction saw strong demand, with the weighted average yield coming in 0.21bps through prevailing mid-yields, according to Yieldbroker, continuing the trend of firm pricing at recent ACGB auctions.
- However, the cover ratio collapsed to 3.3111x from 4.45x.
- As highlighted in our preview, bidding at today’s auction faced an outright yield that was 20bps lower than the previous auction level and about 30bps below the late February peak.
- The 3/10 yield curve was around 30bps flatter than its recent high.
- The recent improvement in global sentiment toward bonds didn’t appear to assist today’s bid dramatically.
- There has been no material movement in XM or the cash line in post-auction trading.
CNH: USD/CNY Fixing at 7.1409, Error Term Widens
Aug-06 01:19
The USD/CNH fix printed at 7.1409, versus a Bloomberg market consensus of 7.1830
- The fix dropped sharply, given softer USD, while the fixing error also widened to - 421 pips, from -317pips yesterday.
- USD/CNH is through 7.1932 in morning trading after opening at 7.1890.
CHINA SETS YUAN CENTRAL PARITY AT 7.1409 WEDS VS 7.1366
Aug-06 01:17
- CHINA SETS YUAN CENTRAL PARITY AT 7.1409 WEDS VS 7.1366
