CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

China Repo Rates Creep Higher

ASIA RATES
  • INDIA: Yields mostly lower in early trade. Markets await an INR 360bn bill sale later today. Meanwhile India added 50,848 new coronavirus cases in the past 24 hours, while the death toll now stands at 30.03m
  • SOUTH KOREA: Futures higher in South Korea, 10-year up around 19 ticks at 126.50, but off best levels seen shortly after the open.The MOF said the extra budget is unlikely to exceed KRW 30tn, after reports yesterday it could be as high as KRW 35tn. As a reminder the extra budget is planned to take place without extra debt issuance.
  • CHINA: Repo rates are higher on the session but below yesterday's high, the PBOC matched liquidity maturities with injections. China's local governments are expected to scale up sales of special-purpose bonds in Q3 and the PBOC may increase liquidity injection to ease pressure on liquidity, the China Securities Journal reported citing Zhou Yue, the chief analyst at Zhongtai Securities. The issuances of local government special bonds have been slower than last year as authorities strengthened supervision and strictly reviewed projects to control risks, the newspaper said citing Zhao Wei, chief economist of Kaiyuan Securities. In total CNY1.17 trillion of special bonds have been sold in the first five months, accounting for about 16% of the annual issuance quota, compared to the pace of more than 40% in the same periods of the past two years, said the newspaper.
  • INDONESIA: Yields mixed; twist flattening seen on the curve. The FinMin said the government raised IDR 2tn from a non-tradable series in a private placement. Elsewhere Trade Min Lufti suggested that the gov't is holding consultations with the central bank and the mining industry on the planned launch of a domestic bullion bank in 2024.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.