CHINA: Central Bank Injects Liquidity via OMO.
Oct-25 01:27
- PBOC issues CNY292.6bn of 7-day reverse-repo at 1.5%.
- Today’s maturities CNY108.4bn.
- Net injection of liquidity CNY184.2bn.
- The PBOC issues 7-day reverse-repo to maintain and control liquidity within the interbank market.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
AUSSIE BONDS: ACGB May-34 Auction Goes Smoothly But Less Demand Present
Sep-25 01:23
Expectations of sustained strong pricing at today's auction proved accurate, as the weighted average yield printed 0.30bps through prevailing mids, according to Yieldbroker. However, the cover ratio at 2.4580x was lower than the 2.5333x seen at the August auction.
- As noted in our preview, bidding at today’s auction was likely shaped by several factors. The outright yield was 10-15bps lower than at the early August auction, 105bps below the November high, and near its lowest level in the past 12 months.
- However, the 3/10 yield curve was about 10bps steeper compared to early August and close to its highest point this year.
- Demand was also likely supported by the line’s inclusion in the XM basket and positive sentiment towards longer-dated global bonds.
- The auction, however, occurred just ahead of today’s release of August CPI data.
- In post-auction dealings, the ACGB May-34 cash trade is ~0.5bp cheaper, with XM slightly lower.
CHINA PBOC CONDUCTS CNY196.5 BLN VIA 14-DAY REVERSE REPOS WEDS
Sep-25 01:22
CHINA PBOC CONDUCTS CNY196.5 BLN VIA 14-DAY REVERSE REPOS WEDS
CNH: USD/CNY: Fixing Error Remains Steady
Sep-25 01:21
The USD/CNY fixing printed at 7.0202, versus a Bloomberg consensus of 7.0206.
• The fixing error remains steady at -4pips in USD/CNY terms, vs -6pips on Tuesday.
• USD/CNH has dropped from a monthly high of 7.136 on Sept 11 to a monthly low of 6.9951 this morning, spot has managed to trade just back above 7.000 post the fixing.
