ASIA STOCKS: Outflows Resume for Major Markets
Jun-20 01:37
Large OutFlows for Korea and Taiwan
- South Korea: Recorded outflows of -$158m yesterday, bringing the 5-day total to -$275m. 2025 to date flows are -$7,968. The 5-day average is -$55m, the 20-day average is +$177m and the 100-day average of -$85m.
- Taiwan: Had outflows of -$772m as of yesterday, with total outflows of -$79 m over the past 5 days. YTD flows are negative at -$10,447. The 5-day average is -$16m, the 20-day average of -$10m and the 100-day average of -$79m.
- India: Had outflows of -$69m as of the 18th, with total outflows of -$480m over the past 5 days. YTD flows are negative -$10,673m. The 5-day average is -$96m, the 20-day average of -$33m and the 100-day average of -$66m.
- Indonesia: Had outflows of -$76m yesterday, with total outflows of -$79m over the prior five days. YTD flows are negative -$3,043m. The 5-day average is -$16m, the 20-day average -$5m and the 100-day average -$29m.
- Thailand: Recorded outflows of -$21m as of yesterday, with outflows totaling -$173m over the past 5 days. YTD flows are negative at -$2,331m. The 5-day average is -$35m, the 20-day average of -$30m and the 100-day average of -$21m.
- Malaysia: Recorded outflows of -$26m as of yesterday, totaling -$135m over the past 5 days. YTD flows are negative at -$3,705m. The 5-day average is -$21m, the 20-day average of -$28m and the 100-day average of -$23m.
- Philippines: Recorded inflows of +$6m yesterday, with net outflows of -$36m over the past 5 days. YTD flows are negative at -$562m. The 5-day average is -$7m, the 20-day average of -$16m the 100-day average of -$5m.
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MNI: CHINA PBOC CONDUCTS CNY157 BLN VIA 7-DAY REVERSE REPO WEDS
May-21 01:34
- CHINA PBOC CONDUCTS CNY157 BLN VIA 7-DAY REVERSE REPO WEDS
CHINA: Central Bank Injects CNY65bn via OMO
May-21 01:24
- The PBOC issued CNY157bn of 7-day reverse repo at 1.4% during this morning’s operations.
- Today’s maturities CNY92bn
- Net liquidity injected CNY65 bn.
- The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
- The CFETS Pledged Repo Deposit Institutions 7 Day Weighted is at 1.42%, from yesterday’s close of 1.58%.
- The China overnight interbank repo rate is at 1.52%, from the prior close of 1.40%.
- The China 7-day interbank repo rate is at 1.42%, from the prior close of 1.59%. Today's repo rate of 1.42% is a 1-year low
AUSSIE BONDS: ACGB Dec-35 Supply Digested But Less Demand
May-21 01:21
Expectations of sustained strong pricing at auctions proved accurate, with the latest round of ACGB Dec-35 supply seeing the weighted average yield print 0.55bp through prevailing mids (per Yieldbroker).
- However, today’s cover ratio fell to 3.1042x from 3.5312x in the previous auction despite a steeper 3/10 curve.
- As noted in our auction preview, demand for duration faced headwinds from weaker sentiment toward longer-dated global bonds.
- Post-auction, the ACGB December 2035 cash line and the XM futures contract both traded slightly cheaper.
