, Singapore

Markets Mid-day Briefing – Fri Feb 3, 2012

So far in Asia, Singapore has topped the gainers with a 0.8% rally.

RBS reported:

Except for HKD and SGD, regional swap curves bull-steepened as front end rates came down across the board.

In China, liquidity conditions improved, with the 7d repo fixing falling by 102bp to 3.32%. This dragged the front end of the NDIRS curve down by 4-5bp.

Although liquidity was expected to be returned by the banks after the Lunar New Year break, the amount seems to be larger-than-expected given the sharp drop in the fixing. Hence, there was market chatter that the PBOC might have rolled over some of the maturing 14d reverse repos it conducted before the holiday break.

In India, the RBI will conduct INR100bn of bond purchases via its open market operations today, which will likely support today's INR130bn of government bond auctions. Separately, the government announced that it will no longer release weekly primary and food inflation data based on the Wholesale Price Index.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.