Free Trial

China's 10 year bond futures is off.....>

CHINA RATES
CHINA RATES: China's 10 year bond futures is off its highs after having failed
to take out its 21-dma at 97.994, up just 3 ticks on the day. The 21-dma is
acting as resistance in cash yields, keeping the bearish trend intact. 
- The swap curve has edged down 1bps with the 10 year's failure to close above
3.0% on Monday giving way to weakness. 
- Ongoing easing measures by the PBOC have failed to trigger major declines in
Chinese rate expectations partly because inflation expectations appear to be
recovering amid the recent rise in equities. 
- The ongoing rally in the yuan is allowing the PBOC to continue easing both
fiscal and monetary policy for now, although the outcome of US-China trade talks
and the Fed meeting could determine how much longer the PBOC will be able to
ease without causing a reversal in recent yuan strength. 

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.