MNI BRIEF: China To Ensure Foreign Firms In Procurement

MNI: PBOC Net Drains CNY0.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1712 Thurs; -1.19% Y/Y

MNI BRIEF: China Feb LPR Remains Unchanged

MNI: Fed Can Take Time On Next Rate Cut - Jefferson

MNI China Daily Summary: Wednesday, February 19

MNI:AUSTRALIA JAN UNEMPLOYMENT RATE +4.1%

FED MINUTES: WANT FURTHER DISINFLATION BEFORE NEXT CUT

MNI: US REDBOOK: FEB STORE SALES +5.8% V YR AGO MO

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CHINA: Bond Futures Take a Breather after Yesterday’s Fall. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • China bond futures are less volatile today after yesterday’s losses.
  • China’s 10YR future is down -0.05 to 108.55, whereas China’s 2YR future has regained ground up +0.008 to 102.672.
  • The 10YR future was down to a low of 108.30 dropping -0.40 yesterday, before staging a comeback late in the day to finish at 108.6, a fall of -0.18.
  • Today’s move sees the 10YR remain below the 50-day EMA of 108.62, with the 100-day EMA at 107.84.
  • Having had several sessions where yields moved higher, today sees a stronger day for the CGB 10yr bond, down -1.5bps in yield at 1.70%.
  • China’s 2YR future remains around the mid-point between the 100-day EMA of 102.74 and the 200-day EMA of 102.63.
  • Economic data out today suggests that the improving trend in house prices stalled in January, likely due to the Lunar New Year Holiday.
  • There are mixed fortunes for the key equity indices with the Hang Seng down -0.55%, whilst the CSI 300 is up +0.39%, Shanghai Comp +0.50% and Shenzhen Comp +1.17%.   
170 words

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.
  • China bond futures are less volatile today after yesterday’s losses.
  • China’s 10YR future is down -0.05 to 108.55, whereas China’s 2YR future has regained ground up +0.008 to 102.672.
  • The 10YR future was down to a low of 108.30 dropping -0.40 yesterday, before staging a comeback late in the day to finish at 108.6, a fall of -0.18.
  • Today’s move sees the 10YR remain below the 50-day EMA of 108.62, with the 100-day EMA at 107.84.
  • Having had several sessions where yields moved higher, today sees a stronger day for the CGB 10yr bond, down -1.5bps in yield at 1.70%.
  • China’s 2YR future remains around the mid-point between the 100-day EMA of 102.74 and the 200-day EMA of 102.63.
  • Economic data out today suggests that the improving trend in house prices stalled in January, likely due to the Lunar New Year Holiday.
  • There are mixed fortunes for the key equity indices with the Hang Seng down -0.55%, whilst the CSI 300 is up +0.39%, Shanghai Comp +0.50% and Shenzhen Comp +1.17%.