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CHINA: Bond Wrap: Strong PMI Services a Welcome Sign. 

CHINA
  • Discussions ahead of the National People’s Congress on Proposals for the refinancing of local government debt have been ongoing (source:  MNI – Markets News).
  • Caixin PMY Services Stronger for October (source MNI – Market News)
  • PBOC drains liquidity in this mornings OMO (source MNI – Market News)
  • Equity markets very positive with the CSI300 +2.00%.
     

2yr 1.424%        5yr 1.776%        10yr 2.122%        30yr 2.307%

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  • Discussions ahead of the National People’s Congress on Proposals for the refinancing of local government debt have been ongoing (source:  MNI – Markets News).
  • Caixin PMY Services Stronger for October (source MNI – Market News)
  • PBOC drains liquidity in this mornings OMO (source MNI – Market News)
  • Equity markets very positive with the CSI300 +2.00%.
     

2yr 1.424%        5yr 1.776%        10yr 2.122%        30yr 2.307%