AUSSIE BONDS: Nov-29 Supply Goes Smoothly With Very Strong Demand
May-09 01:21
The latest ACGB Nov-29 auction was well-received, with pricing coming in comfortably through mids - ...
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CNY: CNY Fix Lower than Estimates.
Apr-09 01:20
The USD/CNY fix printed at 7.2066, versus a BBG market consensus of 7.3387.
- The USD/CNY fix was little higher versus yesterday’s fix of 7.2038. The fixing error was -1321pips today
- USD/CNH has gained +0.516% at 7.3867 in morning’s trading.
CHINA SETS YUAN CENTRAL PARITY AT 7.2066 WEDS VS 7.2038
Apr-09 01:16
- CHINA SETS YUAN CENTRAL PARITY AT 7.2066 WEDS VS 7.2038
AUSSIE BONDS: Smoothly Absorbed With Solid Demand Metrics
Apr-09 01:13
The latest round of ACGB Nov-28 supply sees the weighted average yield print 0.74bps through prevailing mids (per Yieldbroker), extending the recent trend of firm pricing at ACGB auctions.
- Moreover, the cover ratio increased to 4.5550x from 4.1214x.
- The significantly lower outright yield did not appear to dampen demand.
- Bidding interest was likely underpinned by rising market expectations for RBA easing in 2025, the bond’s inclusion in the YM futures basket, and renewed haven demand.
- Following the auction, YM showed little reaction, with the Nov-28 bond holding steady around pre-auction levels in cash trading.
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