MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

Cheaper In Asia

US TSYS

TYH3 deals at 111-25, -0-07, a touch off the top of its 0-04+ range on volume of ~63K.

  • Cash Tsys sit 2-4bps cheaper across the major benchmarks.
  • Tsy yields firmed after the long weekend in early trade, catching up the moves seen in futures yesterday with recent hawkish repricing of the Feds tightening cycle still in focus.
  • Losses extended as pressure in Antipodean rates spilled over. The weakness was fueled by NZ Treasury comments on RBNZ policy and RBA's Feb minutes showing that a pause in policy was not discussed.
  • Weakness in the Hang Seng provided some marginal support, as did a bounce in ACGBs.
  • Block sellers in FV futures (-3.5K & -1.9K) headlined flow wise, while selling in the FV & TY rolls kept broader volume ticking over.
  • In Europe today flash PMI data cross, further out flash US PMIs, Philadelphia Fed Non-Manf Activity and existing home sales data is on the wires. We also have the latest round of 2-Year Tsy supply.
HomepageBond Market NewsBulletMarketsFixed Income Bullets
HomepageBond Market NewsBulletMarketsFixed Income 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.