MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Autos: Week in Review

CONSUMER CYCLICALS
Credit BulletsBulletHomepagemarkets-real-timeCredit
  • A quiet week for Autos with little news flow or primary action.
  • Spreads were slightly tighter for the most part, in line with the broader market.
  • Higher bund yields leave crossover spreads tighter on the week.
  • Chinese EV tariffs continue to dominate headlines with the US raising tariffs to 100%. The EU looks set to announce tariff increases in June in a lesser amount. With China likely to retaliate this story will continue to roll on but is a slow burner for credit impact. For their part the OEMs don’t seem enthused by the prospect of disruptions. Tesla would prefer no tariffs to remain competitive in China, while VW called for a focus on cost reduction to improve competitiveness
119 words

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.
  • A quiet week for Autos with little news flow or primary action.
  • Spreads were slightly tighter for the most part, in line with the broader market.
  • Higher bund yields leave crossover spreads tighter on the week.
  • Chinese EV tariffs continue to dominate headlines with the US raising tariffs to 100%. The EU looks set to announce tariff increases in June in a lesser amount. With China likely to retaliate this story will continue to roll on but is a slow burner for credit impact. For their part the OEMs don’t seem enthused by the prospect of disruptions. Tesla would prefer no tariffs to remain competitive in China, while VW called for a focus on cost reduction to improve competitiveness