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CHINA: Bond Futures See Biggest Decline this Year. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • China’s 10YR bond future is lower in its largest drop year to date.
  • Opening at 108.69 and after early attempts to rally, the 10YR future declined rapidly by -.40 to reach 108.375.
  • The move sees the 10YR breach the 50-day EMA of 108.62, with the next key technical level the 100-day EMA of 107.83.
  • China’s 2YR bond future is down by -0.11 at 102.36, breaching the 200-day EMA of 102.38 with the contract back to levels last seen in October last year.
  • Optimism has showed signs of returning in China’s markets given apparent delays in the implementation of tariffs.
  • China’s CSI 300 has had seven days of gains of the last 10 trading days as the news flow appears that this delay gives time for negotiations.
  • Tomorrow sees New and Used Home price data released and will provide insight into whether the ongoing measures to return confidence to the sector are continuing. 
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  • China’s 10YR bond future is lower in its largest drop year to date.
  • Opening at 108.69 and after early attempts to rally, the 10YR future declined rapidly by -.40 to reach 108.375.
  • The move sees the 10YR breach the 50-day EMA of 108.62, with the next key technical level the 100-day EMA of 107.83.
  • China’s 2YR bond future is down by -0.11 at 102.36, breaching the 200-day EMA of 102.38 with the contract back to levels last seen in October last year.
  • Optimism has showed signs of returning in China’s markets given apparent delays in the implementation of tariffs.
  • China’s CSI 300 has had seven days of gains of the last 10 trading days as the news flow appears that this delay gives time for negotiations.
  • Tomorrow sees New and Used Home price data released and will provide insight into whether the ongoing measures to return confidence to the sector are continuing.