MNI China Daily Summary: Monday, November 11

MNI BRIEF: China Oct M2 Rises To Seven-Month High

MNI BRIEF: Japan Oct Sentiment, Outlook Indexes Both Fall

CHINA YTD NEW LOANS CNY16.52 TRLN VS MEDIAN CNY16.7 TRLN: PBOC

MNI: PBOC Net Injects CNY116.4 Bln via OMO Monday

MNI BRIEF: PBOC Has Room For More Easing : Research Head

EZ/UK Bond Supply Calendar: NE, UK, DE Auction on Tuesday

MNI: NORWAY OCT CORE CPI +0.2% M/M, +2.7% Y/Y

MNI: NORWAY OCT CPI +0.6% M/M, +2.6% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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BUNDS: /SWAPS: Further ASW Tightening

BUNDS
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets

Pressure on German FI markets here. Potentially driven by the previously covered swap spread tightening, which extends further (Bunds vs. 3-month Euribor as low as -2.9bp, ~4.5bp tighter on the day).

  • Bund futures still ~50 ticks above yesterday’s low, last 131.10.
  • Increased political uncertainty adding to the tightening pressure today, with the opposition CSU Party calling for a no confidence vote to take place "this week or next".
  • A reminder that the Chancellor has chosen to call a confidence vote in the lower house on 15 January 2025.
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Pressure on German FI markets here. Potentially driven by the previously covered swap spread tightening, which extends further (Bunds vs. 3-month Euribor as low as -2.9bp, ~4.5bp tighter on the day).

  • Bund futures still ~50 ticks above yesterday’s low, last 131.10.
  • Increased political uncertainty adding to the tightening pressure today, with the opposition CSU Party calling for a no confidence vote to take place "this week or next".
  • A reminder that the Chancellor has chosen to call a confidence vote in the lower house on 15 January 2025.