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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CHINA RATES
China’s 10-Year generic benchmark yield measure hovers around 2.54%, with bond bulls hoping to force a break of the Aug ’23 low (2.536%). A break of the August low would expose the ‘20 low (2.467%).
- Expedited expectations re: monetary easing (aided by coverage of speculation in local news outlets), PBoC capital injections and the late '23 global core FI rally facilitated the richening seen since early December.
- Any pullbacks seen in the early rounds of ’24 dealing have been much shallower than that witnessed in core global FI markets, as local policy expectations help underpin, along with the softer-than-expected run of official PMI readings (which generated more attention than the firmer-than-expected Caixin PMIs).
Fig.1: China 10-Year Government Bond Yield (%)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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