MNI: PBOC Net Drains CNY408.7 Bln Via OMO Tues

MNI: PBOC Sets Yuan Parity Lower At 7.1334 Tues; -1.30% Y/Y

CHINA PBOC CONDUCTS CNY267.3 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1334 TUES VS 7.1335

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CBRT Data Watch

NBH Data Watch

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

A day packed with data and speakers

BOND SUMMARY

All eyes were on the European national PMI this morning.

  • French Manufacturing moves back into expansion.-Services PMI: 1st contraction in 4 months-Composite 1st contraction in 4 months.
  • Germany saw Another disappointing services print below 50 but a decent upside surprise to manufacturing.
  • Regarding Europe, the area outside France and Germany, Markit notes: "Elsewhere, business activity fell for a second successive month after July's brief return to growth".
  • Bund is flat on the day at 174.38, weighted by better bid in Equities and into the 15yr supply.
  • Peripherals are tighter with Greece leading at 3bps versus German 10yr.
  • UK saw similar type of data, with a beat in manufacturing, but lower Services and Composite.
  • Gilts are better bid, but trading within the opening range at 136.43
  • US Treasuries have traded in a 5 ticks range and in tandem with Core European Govies at 139.17.
  • Investors awaits a busy afternoon session, including US PMI, ECB and Fed speakers, with Powell appearing before the House panel.
BulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.