PBoC RRPs are to support government bond issuance, local press reports
The news about the People's Bank of China (PBoC) using reverse repos to support government bond issuance suggests a targeted effort to increase liquidity and stabilize the bond market.
NOTAM over Iran has expired, according to reports
PBoC is expected to set USD/CNY mid-point at 6.9678 (prev. 7.0120)
PBoC RRPs are to support government bond issuance, local press reports
[MARKET UPDATE] Nikkei 225 opens -0.6% following the reports of a potential coalition of opposition parties; KOPSI +0.1%
South Korea Import Growth Final (Dec) 4.6% vs. Exp. 4.6% (Prev. 1.1%)
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This action could be seen as supportive of broader economic conditions, potentially influencing market expectations around fiscal policy and rates in China, and might impact the CNY and regional fixed income dynamics as well.
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