MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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10’s Look Above BoJ’s YCC Cap

JGBS

JGB futures pulled lower at the re-open, but now operate a little over 10 ticks off of worst levels, -60 on the day, while 10-Year JGB yields have shown above the upper boundary of the BoJ’s permitted -/+0.50% trading band. This comes after a shunt lower in futures during overnight trade, with technical and well-documented fundamental factors both in play as Tokyo trade gets underway.

  • The move in futures has seen the contract print through its overnight base, registering a fresh cycle low in the process, with vol. band support the next levels to watch at 144.14 and 144.02.
  • As mentioned earlier, expect the BoJ to defend its YCC parameters via unscheduled purchases at some point today.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank of Japan (BOJ) Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank of Japan (BOJ) Market NewsBulletMarketsFixed Income Bullets

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