MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% 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

CEMEA Rates Snapshot: Turkey Resilient, SA & Russia In the Red

EMERGING MARKETS
  • EM rates give up early gains as US Treasury yields pull back from fresh lows. Turkey leads the pack, while Russia & SA start the week on the back foot.
  • SA: Local rates pause for breath after a strong week of bull flattening, trading +1.1-2.8bp higher across the curve. 10Y pulls away from key support above 9.00.
  • TURKEY: Local rates end the day in the marginally green, while their USD equivalents post a more convincing bull steepener. 2-3Y tenors -10.8-12.3bp, while the rest of the curve holds -5.4-6.7bp lower.
  • RUSSIA: Local & USD rates retrace early strength as markets continue to digest US sanctions, with the majority of the market believing they fell short of being financially harmful.
    • Local bonds felt the brunt of the turn in sentiment, bear steepening +5-8bp. USD rates remain subdued to slightly softer on the day.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market News
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market News

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.