Halister News

(Bloomberg) -- Onshore yuan gains for second day after China’s central bank increased currency’s fixing by most since November; nation’s new home prices rose in February from month earlier in 47 cities, versus 38 in January.

• Offshore yuan is steady; PBOC is studying with China Foreign Exchange Trade System to introduce credit default swaps in nation’s interbank bond market, Securities Times reports; PBOC Governor Zhou says direct financing can lower debt leverage, making it easier for economic restructuring and companies: Financial News
• Yen pares advance against dollar after Finance Minister Aso says watching financial market movements; minutes of Bank of Japan’s January meeting showed today that all who agreed on BOJ’s negative rate said rate can be cut more if needed
  • BOJ offers to buy Japanese government securities under repurchase agreements, first time since March 2011
  • Missile that North Korea fired earlier this morning may have fallen into Japan’s air defense identification zone in east sea, Yonhap News reports
• Won climbs for second day versus dollar; South Korea’s producer price index dropped 3.4% in February from year earlier following 3.3% slide in January
• Kiwi strengthens for third day against its U.S. counterpart; New Zealand’s consumer confidence index fell to 118 in March from 119.7 in February, marking second month of declines
• Aussie rises; Reserve Bank of Australia’s Head of Financial Stability Department Luci Ellis says policy can make boom- bust distress less frequent
• U.S. Treasuries advance; with yield on 10-year bonds falling 1 bp to 1.885%; data today may show University of Michigan consumer sentiment index rose to 92.2 in March from 91.7 in February: Bloomberg survey
• Ringgit gains; Malaysia’s central bank says no approvals are required from it when resident receives inward fund transfers from non-residents into any Malaysian bank account, the Star reports