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Brent Drifts Lower From Recent Range High


Bunds open a little lower


MTBPS Seen Sticking to Fiscal Consolidation Track


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Per BBG: "China is expected to inject liquidity mainly via reverse repos and MLF operations this year, and the possibility of overall reserve requirement cut is now significantly lower, China Securities Journal says in a front-page commentary, citing analysts."

  • This doesn't come as any real surprise, with policymakers seemingly easing away from the wartime settings deployed to combat COVID-19.
  • The focus on short and medium term liquidity is already apparent, deployed to plug the gaps created by the notable sovereign and provincial bond issuance schemes.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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