EM ASIA CREDIT: Meituan: New USD multi-tranche priced

Oct-28 23:55

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(MEITUA, Baa1/A-/BBB+) "PRICED: Meituan $2b Debt Offering in 3 Parts" - BBG New Issue: USD600m 5.5...

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CHINA: Weekly Preview: The Macro, Valuation, Sentiment, Technicals Lens

Sep-28 23:52

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AUSTRALIA: Bonds Better Bid Monday on Strong Open

Sep-28 23:42
  • AU government bonds are lower in yield by 1-2.5bps across the curve in Monday trading.  
  • The 2-YR ACGB is at 3.51% this morning, following Friday's close of 3.53%.  Last week the two year yield moved higher in the back end of the week, finishing +15bps for the week.  
  • The 10-Yr ACGB is at 4.36% this morning having widened by +14bps last week.  
  • Bond futures are mixed with the 10-Yr +0.01 at 95.59 and remains well below all major moving averages.  
  • The 3-Yr is up +0.01 at 96.40 as it too remains below all major moving averages.  
  • The RBA meets tomorrow with markets expecting no change and the cash rate to remain at 3.60%.  
  • Other key data out is trade date for August, PMIs and September inflation.  

NEW ZEALAND: Bonds Opening Marginally Better

Sep-28 23:35
  • NZ government bonds are opening the week marginally better, with yields out to 10-Yr lower by up to -0.5bps.  
  • The 2-Yr has been very strong over late, dropping by -25bps in September and is currently at 2.74%.  
  • The 10-Yr is starting the week off modestly better at 4.22, having been relatively steady around those levels last week.  
  • For the week ahead we have already had out Filled Jobs SA MoM which was inline at +0.2%.  ANZ Activity Outlook and Business Confidence is released as well as Building Permits MoM, Home Value and Commodity prices MoM.  
  • The equity market is up modestly at the start of the week by 0.25%, taking it back to flat over the last five days of trading.