MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: China CFETS Yuan Index Down 0.05% In Week of Jul 19

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

MNI: PBOC Conducts CNY58.2 Bln Via OMO Mon; 7day Repo Rate Cut

MNI BRIEF: PBOC Cuts 7-Day Repo Rate By 10bp

CBRT Data Watch

NBH Data Watch

Pay concerns push back easing expectations; curve flattens

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

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Aussie moved slightly lower on.........>

AUSSIE BONDS
AUSSIE BONDS: Aussie moved slightly lower on SYCOM, but were more resilient than
US tsys. This move has been prevalent all week after dovish RBA comments and
weaker than expected headline inflation, the AU/US 10-Year spread has narrowed
to 38.3bp from 47bp at the start of the week.
- A slightly busier session expected today after Aussie bond markets
somnambulated their way through the past few sessions. The AOFM wil auction
A$700mln of 2028 bonds, and Q2 PPI is released. Strength in this reading could
help buoy expectations of a feed through to higher CPI in Q3.
- A subdued start, yields marginally higher across the curve, 3-Year up 0.5bp,
10-Year up 0.5bp. Could see some upward pressure on yields with talk of a few
decent sized corporate issues, CNH Industrial the latest to form a mandate for
an issue.
- ANZ thoughts for the session: "Global yields finished mixed overnight, but the
driver today will be the US market, which saw yields rise after heavy supply."
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