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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 have seen that the sharp upward retracement in LT bond yields in the first half of October was short lived as the rising uncertainty has led to more consolidation in China 10Y yield in the past few weeks.
- After finding resistance at 3.05% (LT downward trending resistance red line), China 10Y yield has been trending lower and is currently testing the 2.91% level, which corresponds to the 50% retracement of the 2.46% - 3.36% range.
- Next level to watch on the downside stands at 2.87% (LT upward trending support line).
- LT bond yields could remain low in the near term despite the elevated inflationary pressures as the uncertainty over the economic outlook will continue to weigh on growth expectations.
- Key support stands at 2.80%, which corresponds to the 61.8% Fibo retracement.
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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