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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
yes we should be watching PBOC messages ... I think that the higher yields of China bonds has already had impact on USDx .
Ashraf
The PBOC just auctioned 1y bills at 2.3437%, over 5bp higher than last weeks rate at 2.2913%, which was still higher since the policy rate hike on 19 Oct.
Do you think this is an important signal of further tightening on the way? Perhaps, Chinese CPI over 4 per cent on Thursday?
Should we be watching any announcement from PBOC around noon GMT? Again, if that is the case, what are the chances of a repeat October 19?
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Try it out...