MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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 Start, Household Spending On Tap

AUSSIE BONDS

ACGBs have opened dealing ~4bps cheaper across the major benchmarks on Monday. Local participants are digesting Fridays bear flattening in US Tsys, which was observed as UofMich Inflation Expectations were firmer than forecast.

  • XM (-0.0450) and YM (-0.050) have opened dealing a touch softer, however both contracts remain well within recent ranges.
  • RBA dated futures are stable pricing a terminal rate of 4.50% in May 24, there are ~15bps of cuts priced by Dec 24.
  • On tap today we have CBA Household Spending for October, there is no estimate and the prior read was 0.5% M/M.
  • Looking ahead, the highlight of the week's data calendar is Thursdays Labour Market Report. Unemployment is expected to tick higher to 3.7% in October.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.