EM ASIA CREDIT: Krung Thai Bank: Cuts rates from Friday
Aug-14 01:27
(KTBTB , Baa1neg/BBB/BBB+) "*KRUNG THAI BANK TO CUT LENDING RATES BY 25 BPS ON FRIDAY" - BBG State...
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AUSSIE BONDS: ACGB Jun-54 Auction Goes Smoothly
Jul-15 01:25
Today’s auction result extended the recent trend of firm pricing for ACGBs, with the weighted average yield printing 0.24bps through prevailing mids, according to Yieldbroker. Moreover, demand improved, as reflected by a cover ratio of 3.2133x, up 2.8433x from the previous auction.
- The bond’s outright yield was 5-10bps higher from the previous auction, though it remains around 10bps below the peak reached in May.
- The 10s/30s yield curve was near its steepest level since late 2021 — a potentially supportive technical factor.
- Sentiment toward longer-dated global bonds remains cautious, which may have tempered demand.
- In the wake of the auction, the ACGB Jun-54 has traded slightly cheaper in the secondary market.
MNI: CHINA PBOC CONDUCTS CNY342.5 BLN VIA 7-DAY REVERSE REPO TUES
Jul-15 01:21
- CHINA PBOC CONDUCTS CNY342.5 BLN VIA 7-DAY REVERSE REPO TUES
CNH: USD/CNY Fixing Edges Higher, Error Term Slightly Tighter
Jul-15 01:21
The USD/CNY fix printed at 7.1498, versus a Bloomberg market consensus of 7.1740.
- Today's fixing edged higher, despite a slightly lower market consensus estimate versus yesterday. The fixing error was slightly tighter at -242pips.
- USD/CNH has maintained very low volatility so far today, holding near 7.1710 in latest dealings.
