EM CREDIT SUPPLY: Shandong Gold (SDGOLD, NR/BBB-/NR) - FV Estimate
May-15 01:28
"IPT: Shandong Gold Group $Bmark 3Y Green Reg S 5.2% Area" - BBG New Issue: $benchmark 3y IPT: 5.2%...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
STIR: RBA Dated OIS Pricing Softer Ahead Of RBA Minutes (April)
Apr-15 01:26
RBA-dated OIS pricing is flat to 4bps softer across meetings today.
- A 50bp rate cut in May is given a 39% probability, with a cumulative 121bps of easing priced by year-end.
Figure 1: RBA-Dated OIS – Today Vs. Yesterday
Source: MNI – Market News / Bloomberg
MNI: CHINA PBOC CONDUCTS CNY164.5 BLN VIA 7-DAY REVERSE REPO TUES
Apr-15 01:23
- CHINA PBOC CONDUCTS CNY164.5 BLN VIA 7-DAY REVERSE REPO TUES
CNH: USD/CNY Fixing Edges Down
Apr-15 01:20
The USD/CNY fix printed at 7.2096, versus a BBG market consensus of 7.3075.
- The fixing is down from yesterday's 7.2110 outcome, and is also in line with a lower market estimate today compared to yesterday. The fixing error didn't change much, coming in at -979pips.
- A higher fix today compared to yesterday's level (despite further USD weakness) would have likely driven a fresh move higher in USD/CNH.
- This scenario has been avoided and USD/CNH is down modestly, back under 7.3100. Earlier highs in the pair were at 7.3189.
