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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
- We recently saw that China ‘reopening’ narrative has been fading as the arrival of the BA5 coronavirus variant is threatening the country of renewed lockdowns.
- Hence, the surge in uncertainty over the economic outlook has been weighing on the CNY and domestic equities, and has also been pressuring LT bond yields to the downside.
- China 10Y yield has been retracing lower since the start of the month after failing to break above its 200DMA.
- The 10Y Yield broke back below the 2.8040% level last week (61.8% Fibo retracement of the 2.46% - 3.36% range); next ST support to watch stands at 2.74%.
- Key level to watch on the downside stands at 2.6730% (76.4% Fibo).
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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