CHINA RATES: China Repo Rates Rise Friday
The seven-day deposit reverse repo average across China's interbank market was at 1.9299% on Friday, higher than 1.8454% on Thursday, according to Wind Information. The overnight deposit reverse repo average was last at 1.9400%, higher than the previous 1.7391%.
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BOK: Bank Of Korea To Hold Next Rate Meeting Without Governor
South Korean parliament will hold confirmation hearing on Bank of Korea Governor nominee Rhee Chang-yong on April 19, Korea Economic Daily reports. This means that the central bank will hold its next monetary policy meeting on April 14 without Governor.
JGBS: Renewed Weakness As BoJ Stays On Sidelines
JGB futures post a downtick amid no signs of BoJ action re: upward pressure on yields generated by Tuesday's round of hawkish Fedspeak. There was speculation that Japan's central bank could announce unscheduled bond purchases but it has stayed on the sidelines for now.
- JBM2 last changes hands at 149.40, 36 ticks below previous settlement and 2 ticks above their earlier session low. Cash JGB yield curve runs steeper amid broad-based weakness in the space.
AUSSIE BONDS: The AOFM sells A$500mn of the 2.50% 21 May '30 Bond, issue #TB155:
The Australian Office of Financial Management (AOFM) sells A$500mn of the 2.50% 21 May 2030 Bond, issue #TB155:
- Average Yield: 2.9136% (prev. 1.5282%)
- High Yield: 2.9150% (prev. 1.5300%)
- Bid/Cover: 3.0200x (prev. 4.5167x)
- Amount allotted at highest accepted yield as percentage of amount bid at that yield 63.2% (prev. 37.8%)
- Bidders 35 (prev. 39), successful 14 (prev. 13), allocated in full 7 (prev. 7)
