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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.
CHINA
- China PPI inflation continued to surge in October, coming in higher than expected at 13.5% YoY (vs. 12.3% exp), its highest level since June 1995, up from 10.7% the previous month.
- Interestingly, China 10Y yield has been barely unchanged, currently trading at 2.90% following its sharp consolidating in the past three weeks.
- The table below shows that China currently offers the lowest real yield among the EM world (PPI adjusted), at -10.6%.
- The rise in inflationary pressures, which are expected to remain elevated in the near term, are putting Chinese officials in a difficult position.
- We have seen that the economic activity has been decelerating sharply since February, therefore easing financial conditions could continue to support inflation in the near to medium term.
Source: Bloomberg/MNI
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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