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Decent Flow In Schatz, Feb TYs

CANADA

USDCAD Moves Lower On Local Data

EURUSD TECHS

Trend Outlook Remains Bullish

BONDS

Weak Tone With U.S. Out

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China may again set next year’s quota of local government special bonds above CNY3 trillion, though possibly less than this year’s CNY3.65 trillion so to boost investment in transportation, energy and other municipal and national major projects, Yicai.com reported citing analysts. These investment-boosting bonds will be used to counter downward pressure next year as real estate investment and exports are expected to slow. China may allow some of next year’s special bonds to be issued this year. However, high debt ratios of local governments and decreasing land sales revenue limit further expansions of these bonds, the newspaper said.