MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Bonds plummet

BONDS
  • A busy afternoon session and a clear pick up in Volumes going into the weekend.
  • EGBs and Bund plummeted, pushing yields to new multi years highs.
  • Europe got dragged lower, as another Bank upped their rate call path for the Fed, with Citi, now boosting their forecast to four 50bps hike at each meeting.
  • Tnotes dropped, and yield tested the 2.50% resistance level, printing a 2.4990% high at the time of typing.
  • Peripheral spreads are all tighter ver5sus the German 10yr, with Greece in the lead, by 3.7bps.
  • Gilts have traded in line with Germany, translated in a flat Gilt/Bund spread.
  • Looking ahead, Fed Barkin, Waller and ECB Guindos.
  • After market, ratings: Fitch on the Netherlands.
  • Moody’s on Hungary & Sweden S&P on Germany, DBRS Morningstar on the European Union (current rating:
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.