MNI BRIEF: China Service Trade Grows Rapidly, Deficit Expands

MNI: PBOC Net Drains CNY98 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1106 Fri; -1.79% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1106 FRI VS 7.1108

MNI China Daily Summary: Thursday, June 6

Export Rise More Than Forecast, Imports Slow, But Commodity Volumes Hold Up

MNI: CHINA MAY EXPORTS +11.2% Y/Y IN YUAN TERM: CUSTOMS

CHINA MAY EXPORTS +7.6% Y/Y VS MEDIAN +5.3% Y/Y: CUSTOMS

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Bear Steepening With U.Mich May Survey Eyed

US TSYS
  • Cash Tsys have seen a modest bear steepening, with the front end little changed on the day but cheapening pressure continuing to grow further out the curve with equities also lifting. Front yields consolidate yesterday’s second half recovery but remain some 15bps off pre-CPI levels ahead of today’s docket headlined by U.Mich preliminary survey for May.
  • In debt ceiling talks, the Biden-McCarthy meeting scheduled for today has been pushed into next week after progress at staff-level talks according to people familiar with the talks.
  • 2YY +0.2bp at 3.901%, 5YY +1.5bp at 3.370%, 10YY +2.8bp at 3.412% and 30YY +3.5bp at 3.769%.
  • TYM3 trades 3 ticks higher at 115-30+, just off session lows of 115-28 but within yesterday’s range. Support remains intact around 115-00, with 115-01+ (May 9 low) and 114-29+ (50-day EMA) whilst to the upside sits 116-16 (May 11 high).
  • Data: Import prices Apr (0830ET), U.Mich consumer survey May prelim (1000ET)
  • Fedspeak: Daly (1420ET), Bullard & Jefferson moderated panel (1945ET)
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.