MNI China Daily Summary: Monday, October 28

RPT-MNI INTERVIEW2: Trump Stagflationary For EZ-ECB's Wunsch

MNI BRIEF: PBOC Launches Outright Reverse Repo For Liquidity

MNI: PBOC Net Injects CNY32.7 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1307 Mon; +2.71% Y/Y

CHINA PBOC CONDUCTS CNY241.6 BLN VIA 7-DAY REVERSE REPOS MON

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL OCT INDEX 70.5

MNI: BELGIUM OCT BNB BUSINESS SURVEY -12.8

EUROPEAN FISCAL: DE 2025 Budget Gap Grows; Political Risk Is Rising

CANADA: Politics Week: Trudeau Facing More Internal Dissent And Departures

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

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CHINA: PBOC’s Revamp of Policy Tools Continues.

CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • The PBOC has advised that it will include outright reverse repurchase agreements as a monetary tool, supplementing the daily OMOs.
  • The PBOC will conduct a monthly outright reverse repo direct from primary dealers targeting government bonds but also including selective corporate debt.
  • Given outright repo involves the exchange of bonds, the operations appear to be a further expansion of policy aimed at modernizing and supplementing liquidity in interbank markets
  • Given a lot of liquidity is tied up in longer dated securities it will prepare the market for the expected surge of issuance coming by regional and central governments. 
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  • The PBOC has advised that it will include outright reverse repurchase agreements as a monetary tool, supplementing the daily OMOs.
  • The PBOC will conduct a monthly outright reverse repo direct from primary dealers targeting government bonds but also including selective corporate debt.
  • Given outright repo involves the exchange of bonds, the operations appear to be a further expansion of policy aimed at modernizing and supplementing liquidity in interbank markets
  • Given a lot of liquidity is tied up in longer dated securities it will prepare the market for the expected surge of issuance coming by regional and central governments.