CHINA RATES: China Repo Rates Fall On Thursday
Dec-01 01:39
The seven-day deposit reverse repo average across China's interbank market was at 1.8161% on Thursday, lower than 2.0203% on Wednesday, according to Wind Information. The overnight deposit reverse repo average was last at 1.4281%, lower than the previous 1.5684%.
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US TSY OPTIONS: TYZ2 112.75 Calls Lifted
Nov-01 01:35
TYZ2 112.75 calls paper paid 0-24 on 5.0K. Delta +24%.
CNH: USD/CNY Fixing - Another Fresh Cyclical High
Nov-01 01:22
The USD/CNY Fixing printed at 7.2081, versus a Bloomberg consensus of 7.2777.
- Today's outcome is a -696pip surprise, again wider compared to recent sessions, but below record wides.
- Still, the market has been trading off the actual fixing level more than the deviation relative to expectations. Today's fix was +0.44% above yesterday's outcome and another fresh cyclical high going back to early 2008.
- USD/CNH has bounced on the back of this. The pair rose through 7.3500, to a high of 7.3542, but we are now back below 7.3500. Fresh record highs in the pair aren’t too far away near 7.375.
- The next focus point will be how onshore spot opens up, followed by the Caixin manufacturing PMI print.
BOJ: Fixed Rate Operation Offer
Nov-01 01:10
The BoJ offers to buy an unlimited amount of 10-Year JGBs at a fixed rate of 0.25%.
