EM ASIA CREDIT: LG Energy Solutions: New issuance in 2026

Jan-29 02:12

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(LGENSO, Baa2/BBB/NR) "*LG ENERGY: TO ISSUE MORE CORPORATE BONDS THIS YEAR" - BBG * LG Energy is a...

Historical bullets

AUSSIE BONDS: AU-US 10Y Differential Around Its Cycle High

Dec-30 01:59

Cash ACGBs are 2bps richer today with the AU-US 10-year yield differential at +63bps. 

  • At this level, the differential sits around its cycle high, the widest since mid-2022.
  • December’s price action has consolidated the differential’s breakout above the ±30bps range that had prevailed since November 2022.
  • This widening has occurred alongside a steady increase in market-implied expectations for the RBA cash rate.
  • However, a simple regression of the 10-year yield differential against the AU–US 1-year forward 3-month swap rate (1Y3M) spread over the past two years suggests the current differential is around 5bps above regression fair value (see chart).

 

Figure 1: AU-US Cash 10-Year Yield Differential (%)

 

 

Bloomberg Finance LP / MNI

MNI: CHINA PBOC CONDUCTS CNY312.5 BLN VIA 7-DAY REVERSE REPO TUES

Dec-30 01:26
  • CHINA PBOC CONDUCTS CNY312.5 BLN VIA 7-DAY REVERSE REPO TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.0348 TUES VS 7.0331

Dec-30 01:23
  • CHINA SETS YUAN CENTRAL PARITY AT 7.0348 TUES VS 7.0331