EM ASIA CREDIT: Contemporary Amperex: rating affirmed, underperforms peer
Jun-20 01:36
(CONAMP, A3/A-/NR) "CATL Affirmed at A- by Fitch" - BBG Fitch confirmed Contemporary Amperex Techn...
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MNI: CHINA PBOC CONDUCTS CNY157 BLN VIA 7-DAY REVERSE REPO WEDS
May-21 01:34
- CHINA PBOC CONDUCTS CNY157 BLN VIA 7-DAY REVERSE REPO WEDS
CHINA: Central Bank Injects CNY65bn via OMO
May-21 01:24
- The PBOC issued CNY157bn of 7-day reverse repo at 1.4% during this morning’s operations.
- Today’s maturities CNY92bn
- Net liquidity injected CNY65 bn.
- 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 1.42%, from yesterday’s close of 1.58%.
- The China overnight interbank repo rate is at 1.52%, from the prior close of 1.40%.
- The China 7-day interbank repo rate is at 1.42%, from the prior close of 1.59%. Today's repo rate of 1.42% is a 1-year low
AUSSIE BONDS: ACGB Dec-35 Supply Digested But Less Demand
May-21 01:21
Expectations of sustained strong pricing at auctions proved accurate, with the latest round of ACGB Dec-35 supply seeing the weighted average yield print 0.55bp through prevailing mids (per Yieldbroker).
- However, today’s cover ratio fell to 3.1042x from 3.5312x in the previous auction despite a steeper 3/10 curve.
- As noted in our auction preview, demand for duration faced headwinds from weaker sentiment toward longer-dated global bonds.
- Post-auction, the ACGB December 2035 cash line and the XM futures contract both traded slightly cheaper.
