STIR: RBA Dated OIS Pricing Little Changed Ahead Of CPI Monthly
Sep-27 01:24
Figure 1: RBA-Dated OIS – Today Vs. Yesterday
Source: Bloomberg / MNI - Market News
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CNH: CNY Fixing - Fixing Error Close To -1000pips
Aug-28 01:19
The USD/CNY fix printed at 7.1856, versus a Bloomberg consensus of 7.2845.
- Today's fix represents an -989pip surprise in USD/CNY terms. This is slightly wider than the fixing errors from the tail end of last week, but remains tighter than recent record wides.
- USD/CNH has tracked lower today. The pair last near 7.2700, around 0.30% firmer in CNH terms versus closing levels from the end of last week.
- Equity market sentiment is in focus follow weekend news of the stock trading levy cut. FTSE China A50 futures are +4% in early trade today.
BOJ: Fixed Rate Purchase Offer
Aug-28 01:10
The BoJ offers to buy an unlimited amount of 5- to 10-Year JGBs at a fixed rate of 1.0%.
STIR: $-Bloc Terminal Rate Expectations Are Slightly Lower After Jackson Hole
Aug-28 01:03
Fed Chair Powell’s speech at the Jackson Hole Symposium on Friday didn’t alter market perceptions that the Fed will likely pause in September and assess the incoming data to guide future policy decisions.
- There is a cumulative 11bp of tightening priced for the next 2 meetings versus 14bp on Thursday.
Figure 1: $-Bloc STIR: Terminal Rate Expectations & June’24 Pricing
Source: MNI – Market News / Bloomberg
