MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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2Y GoC Yields Back Above Post GDP Beat Levels

CANADA
  • GoCs hold the cheapening seen on the open except for the very long end, bear flattening on the day as the front end underperforms Treasuries.
  • 2YY sit +4.3bps (Tsys +2.5bps) at 4.257% to hold above yesterday’s post-GDP beat highs, which were subsequently hit by mixed but ultimately dovish US factors.
  • The S&P Global mfg PMI is the only domestic data left this week, which ticked up from 48.6 to 50.2 in April but has broadly trended sideways since August. Spillover from US labor data and ISM mfg today are likely more significant.
  • Later on, Canada sells $5B of the 3.25% Sep 2028 after yesterday’s low b/c for the 2Y. GoC 5s currently only marginally underperform Tsys.
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