MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

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

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

Bear Flattening With Data Keenly Watched

US TSYS
  • Cash Tsys see a bear flattening as front end yields push off yesterday’s low but increasingly less so further out the curve after the post-JOLTS rally. The magnitude of the reaction to the JOLTS miss (10Y intraday swing of 15bps) suggests scope for further large moves ahead with data releases including ISM services and ADP employment ahead of payrolls on Friday.
  • 2YY +5.1bp at 3.877%, 5YY +4.1bp at 3.429%, 10YY +2.4bp at 3.363% and 30YY +0.4bp at 3.601%.
  • TYM3 trades 8+ ticks lower at 115-31 amidst below average volumes of 225k, close to session lows of 115-29 as it only slightly pulls back off yesterday’s high of 116-09 (initial resistance). A key short-term resistance is seen at 117-01+ (Mar 24 high) whilst support is seen at yesterday’s low of 115-02+.
  • Data: ADP employment Mar (0815ET), Trade balance Feb (0830ET), S&P Global US Service PMI Mar final (0945ET) and ISM Services Mar (1000ET) plus weekly MBA mortgage data (0700ET).
  • Bill issuance: US Tsy $36B 17W bill auction (1130ET)
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.