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Bond Futures Drop as Data Shows Strength. 

CHINA
EM BulletFixed Income BulletsAPACChinaEmerging Market NewsMarketsStoryForeign Exchange Bullets
  • China’s 10YR bond future is down -0.295 today as industrial production and retail sales beat estimates.
  • The 10YR future recently traded below the 200-day EMA and today’s sell off sees that trend continue back to levels not seen since late November.
  • China’s 2YR bond future’s fall has been much more moderate today, declining just -0.03 to 102.326.
  • Trending below the 200-day EMA at the beginning of the month, the 2 YR futures fall has dragged all major technical trends to be downward sloping, indicating a bearish trend.
  • Early last week, China’s 10YR government bond trended higher in yield, briefly touching 1.90%, before rallying back to close at 1.84% on Friday.
  • The sell-off today sees the CGB10YR at 1.88%.
  • For the remainder of the week, the key data release will be the 1 and 5-year Loan Prime Rate, which markets expect no change and them to remain at 3.10% and 3.60% respectively. 
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  • China’s 10YR bond future is down -0.295 today as industrial production and retail sales beat estimates.
  • The 10YR future recently traded below the 200-day EMA and today’s sell off sees that trend continue back to levels not seen since late November.
  • China’s 2YR bond future’s fall has been much more moderate today, declining just -0.03 to 102.326.
  • Trending below the 200-day EMA at the beginning of the month, the 2 YR futures fall has dragged all major technical trends to be downward sloping, indicating a bearish trend.
  • Early last week, China’s 10YR government bond trended higher in yield, briefly touching 1.90%, before rallying back to close at 1.84% on Friday.
  • The sell-off today sees the CGB10YR at 1.88%.
  • For the remainder of the week, the key data release will be the 1 and 5-year Loan Prime Rate, which markets expect no change and them to remain at 3.10% and 3.60% respectively.