AUD: Reaction To CPI
Jul-29 01:33
The AUD went into the data trading around 0.6970, -0.05% and the SPI was trading around 9008.0, +1.1...
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MNI: CHINA PBOC CONDUCTS CNY157.5 BLN VIA 7-DAY REVERSE REPO MON
Jun-29 01:31
- CHINA PBOC CONDUCTS CNY157.5 BLN VIA 7-DAY REVERSE REPO MON
- CHINA PBOC CONDUCTS CNY300 BLN VIA OVERNIGHT REVERSE REPO MON
CHINA: PBOC Withdraws CNY19bn via OMO
Jun-29 01:30
Repo rates moderated into week's end last week. In a week with over CNY2.2tn of 7-day repo maturities, the week started off with a
- The PBOC issued CNY157.5bn of 7-day reverse repo at 1.4% during this morning's operations.
- The PBOC issued CNY300bn of O/N reverse repo during this morning's operations.
- Total maturities today CNY476.5 bn
- Net Liquidity withdrawal CNY19bn
- The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
- The CFETS Daily Pledged Repo DR007 Wgtd Rate is at 1.4519%, from prior close of 1.4672%.
- The China overnight interbank repo rate is at 1.3500%, from the prior close of 1.3637%.
- The China 7-day interbank repo rate is at 1.45%, from the prior close of 1.46%
STIR: RBA -Dated OIS Holding Its Post-Jobs Softening
Jun-29 01:28
RBA-dated OIS pricing is 2-6bps softer across all meetings versus Thursday’s pre- Employment levels.
- Australia's unemployment rate fell 10 basis points to 4.4% in May, in line with market expectations, while employment increased by around 40,000, exceeding forecasts for a 32,500 gain.
- Moreover, pricing is 3-12bps softer than levels seen leading up to the last RBA policy decision.
- As it stands, RBA-dated OIS pricing still shows tightening across all meetings, with the probability of a 25bp hike rising from 24% for August to 48% by December 2026.
Figure 1: RBA-Dated OIS – Current Vs. Pre-Jobs Data
Source: Bloomberg Finance LP / MNI
