MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Aussie Bonds Under Pressure, Japan Markets Shut For Holiday

BONDS

Activity in Asia has been limited owing to a public holiday in Japan, where Golden Week holidays just got under way.

  • Aussie bond futures have wavered ahead of the ACGB 0.50% 21 Sep '26 auction at the top of the hour, with participants preparing for next week's RBA MonPol meet. YM trades -6.5 & XM -8.0 amid expectations that the Reserve Bank could raise the cash rate next Tuesday. Bills last seen 2-8 ticks lower through the reds. Cash ACGBs took a hit at the re-open and extended losses from there, with yields last seen 6.7bp-8.2bp higher across the curve.
  • T-Notes have erased opening gains and last trade +0-06+ at 119-18, with Eurodollar futures running 1.5-3.5 ticks higher through the reds. Cash Tsys are closed until London hours due to the market closure in Tokyo. Looking ahead, PCE data, MNI Chicago PMI & final reading of U. of Mich. Sentiment will take focus in the U.S. on Friday.
USHomepageBond Market NewsBulletMarketsFixed Income Bullets
USHomepageBond Market NewsBulletMarketsFixed Income Bullets

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