MNI BRIEF: China March Mfg. PMI Returns To Expansion

MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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By now, it is becoming the norm that....>

EGB SUMMARY
EGB SUMMARY: By now, it is becoming the norm that EGB prices tend to rise early
in the European morning but today there was reason to cheer because SAFE issued
kind of a denial that it would reduce or stop buying of US Treasuries. 
- The (new) 10Y Bund yield fell to 0.515% before some selling was seen and took
the yield back to 0.525%, where it currently sits.
- Peripheral markets are very strong today as peripheral new issuance has
cleared the decks - at least until next Thursday's Spanish auctions/possible 10Y
syndication. Bund-BTP is -3.4bp, Bund-Bonos -3bp and Bund-PGB -5bp today. 
- Italy sold the maximum E3.0bln 3Y and 3.0bln of 7Y BTPs today. The auctions
were not strongly but there was a positive price reaction in the aftermath.
- EIB is selling a 30Y with the latest update is a E3bln order book with
guidance at mid swaps +1bp.
- At 1230 GMT, the ECB will publish the account of the December monetary policy
meeting. This is not seen to be a large market mover although clues will be
sought to discover the possible split between CSPP and APP programme.
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