MNI BRIEF: China Sep CPI Slows To 0.4% Y/Y On Base Effects

MNI BRIEF: China To Tackle Local Gov Debt - MOF

MNI BRIEF: Local Govs To Use Bonds For Unsold Houses - MOF

MNI BRIEF: China Has Room For More Debt, Higher Deficit - MOF

MNI China Daily Summary: Friday, October 11

MNI: PBOC Net Drains CNY183.8 Bln via OMO Friday

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.20B BSL

Economic Data Calendar 11/10/2024

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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

Boeing & Airlines; NTSB Engineers Hold Presser

CREDIT UPDATE
  • Couple of updates o/n most relevant from NTSB engineers in a presser; "The door translated up and disengaged from the stops, which then fractured the fittings...have not yet recovered the four bolts that restrain it from its vertical movement...And we have not yet determined if they existed there....will determine that when we take plug to DC." Full presser (engineer remarks begin at 16:00); https://www.youtube.com/watch?v=kGWLBLb9Pm4
  • Market read through on where this places blame seems uncertain (as is ours), noting initial/weekend Reuters reports (from a single source) were biased away SPR from towards Boeing - CreditSight analysts reiterating the Reuters source that Boeing reopens the plug for interior works before resealing - we covered the 'reported' process yest. Still SPR's lines don't stand out as cheap to us, particularly on double neg outlook. Neither's equities are large movers in pre-market -i.e. both are holding onto yest's sell-off.
  • Airlines using the panels have also come under focus, particularly after o/n updates from "Alaska Airlines loose hardware" and United on "bolts that needed tightening". Little impact so far on UAL equities or credit . Aeromexico who also has the plane in its fleet saw some weakness in its 8.5% 27's that fell -$0.6 to $96.2 yesterday.
Credit BulletsBulletHomepagemarkets-real-timeCredit
Credit BulletsBulletHomepagemarkets-real-timeCredit

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.