MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: BOJ To Focus On Continued Positive Wage Setting

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI: US Q2 PREL UNIT LABOR COSTS +0.9% VS Q1 +3.8%; Y/Y +0.5%

MNI: US JOBLESS CLAIMS +14K TO 249K IN JUL 27 WK

VDMA Factory Orders Remain Weak in June

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

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Aussie bonds have recovered yesterday's......>

AUSSIE
AUSSIE: Aussie bonds have recovered yesterday's losses with the 10-year note
trading at 97.450, with yesterday's low of 97.420 appearing to have established
a higher low for the cycle as attention now returns to the recent high of
97.470.
- The combination of a drop in 10-year yields (currently at 2.547%) and a
continued rise in breakevens (currently at 1.877%) has seen real yields drop to
0.656% today, marking their sixth consecutive day of declines.
- The 3-year note is also recovery strongly today, trading at 97.970 and
resuming its uptrend after yesterday's steep loses. The 3s-10s curve trades
lower at 53.9bps.
- The AU-US 10-year yield spread trades at -31.5bps while the real yield spread
falls 0.3bps to -11.4bps, just above its July 30 record low.
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