CHINA RATES: MNI: China Repo Rates Rise On Thursday
Jul-04 01:29
The seven-day deposit reverse repo average across China's interbank market was at 1.8061% on Thursday, higher than the close of 1.7894% on Wednesday, according to Wind Information. The overnight deposit reverse repo average was last at 1.7101%, higher than the previous 1.6920%.
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MNI: CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES
Jun-04 01:23
- CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES
CNH: USD/CNY Fixing Error Tightens, Actual Fix Close To Unchanged
Jun-04 01:19
The USD/CNY fix printed at 7.1083, versus a Bloomberg consensus of 7.2295.
- Today's fixing delivered a -1212pip fixing error in USD/CNY terms. This was tighter than yesterday's -1313pip outcome.
- The actual fix was only 3pips lower than Monday's outcome, showing that much of the USD variation is being accounted by the fixing error term.
- USD/CNH is a touch higher in latest dealings, last around 7.2540. Earlier lows were at 7.2490. Broader USD sentiment has turned more positive in recent dealings, with the yen losing close to 0.20%.
US TSYS: Treasury Futures Off Earlier Highs Now Trade Little Changed
Jun-04 01:17
- Treasury futures are off earlier highs, and now trade near NY closing levels. TU is off (-0-00¼) at 101-31⅞, while TY is (-0-00+) at 109-17+, ranges have been tight, while volumes are down on Monday's.
- Volumes: TU 9.5k, FV, 14k TY 22k.
- Cash treasury curve is little changed this morning, yields are about 0.5-1bp higher, the 2Y +0.6bp to 4.814%, the 10Y +1bp at 4.398%
- APAC rates: ACGB yields are 4-6.5bps lower, curve flatter. NZGB yields are 4-7.5bps lower, curve flatter. While JGB yields are flat to 3bps lower, with the 10Y now 1.034% with a 10Y bond auction shortly.
