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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
- The positive surprise in inflation yesterday, with PPI rising to its highest level since November 1995, has not led to a significant rise in China LT bond yields.
- The 10Y yield has been testing its 100DMA resistance at 2.96% in the past week, after retracing sharply higher earlier this month.
- A break above that level would open the door for a move up to 3.0160% which corresponds to the 38.2% retracement of the 2.46% - 3.36% range.
- Key resistance stands at 3.07% (high of the LT downward trending channel and 200DMA).
- Selling pressure on global LT bonds amid rising stagflation risks could also lead to higher retracements in China 10Y yield.
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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