AUSSIE BONDS: Solid Absorption of May-28 Supply But With Less Demand Present
Jul-04 01:25
The latest round of ACGB May-28 supply sees the weighted average yield print 0.97bps through prevail...
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CHINA: Central Bank Withdraws CNY0.6bn via OMO
Jun-04 01:25
- The PBOC issued CNY214.9bn of 7-day reverse repo at 1.4% during this morning’s operations.
- Today’s maturities CNY215.5 bn
- Net liquidity withdrawal CNY0.6 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 1.40%, from yesterday's close of 1.54%.
- The China overnight interbank repo rate is at 1.41%, from the prior close of 1.41%.
- The China 7-day interbank repo rate is at 1.58%, from the prior close of 1.56%.
MNI: CHINA PBOC CONDUCTS CNY214.9 BLN VIA 7-DAY REVERSE REPO WEDS
Jun-04 01:22
- CHINA PBOC CONDUCTS CNY214.9 BLN VIA 7-DAY REVERSE REPO WEDS
CNH: USD/CNY Fixing Edges Up, Fixing Error Back To Negative
Jun-04 01:18
The USD/CNY fixing was set at 7.1886, against a BBG market consensus of 7.2005.
- The fixing error is back to negative (-119pips), after yesterday's +137pip outcome. A negative fixing error is in line with the stronger USD over the past 24 hours.
- The actual fix is only a touch above yesterday's outcome (7.1869).
- Spot USD/CNH is relatively steady in the first part of Wednesday trade, last just above 7.1900.
