STIR: RBA Dated OIS Pricing Slightly Mixed Ahead Of Q1 CPI
Apr-30 01:22
RBA-dated OIS pricing is slightly mixed across meetings ahead of Q1 CPI data, with movements ranging from +2bp to -2bps.
- A 50bp rate cut in May as a 10% probability, with a cumulative 116bps of easing priced by year-end (based on an effective cash rate of 4.09%).
Figure 1: RBA-Dated OIS – Today Vs. Prior Close
Source: MNI – Market News / Bloomberg
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MNI: CHINA PBOC CONDUCTS CNY166.7 BLN VIA 7-DAY REVERSE REPO MON
Mar-31 01:21
- CHINA PBOC CONDUCTS CNY166.7 BLN VIA 7-DAY REVERSE REPO MON
CNH: USD/CNY Fixing Edges Up, USD/CNH Little Impacted
Mar-31 01:18
The USD/CNH fix printed at 7.1782, versus a BBG market consensus of 7.2644.
- The fix was set higher than Friday's outcome (7.1752). It remains within recent ranges though (March 25 recorded a 7.1788 fixing).
- The fixing error was little changed at -862pips.
- USD/CNH has drifted lower in the first part of Monday dealings, the pair last near 7.2630/35. Broader USD indices are weaker, led by yen gains, as markets see risk off amid US tariff/growth fears.
CHINA SETS YUAN CENTRAL PARITY AT 7.1782 MON VS 7.1752
Mar-31 01:16
- CHINA SETS YUAN CENTRAL PARITY AT 7.1782 MON VS 7.1752
