MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: Japan June Tokyo Core CPI Rises 2.1% Vs. May 1.9%

Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M

MNI BRIEF:Japan May Factory Output Hits First Rise in 2 Months

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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China's decision to close the US.......>

BOND SUMMARY
BOND SUMMARY: China's decision to close the US consulate in Chengdu has marked
the latest escalation between the two powers and has underpinned the sell-off in
equities and rally in USD and JPY. 
- The government bond space has so far not traded in a characteristic risk-off
fashion, with a string of positive data surprises this morning partially
offsetting concerns about rapidly deteriorating US-China relations. UK retail
sales beat consensus by a wide margin (inc auto fuel: 13.9% Y/Y vs 8.3%) and,
more importantly, the volume series is now close to pre-covid levels. There was
also consensus-beating outturns for the preliminary July service PMI prints for
the UK, Germany, France and the Eurozone. 
- TYU0 has traded down to 139-18, marking the low of the day, while cash yields
are a toucher weaker across the curve.
- Gilts have traded lower following a strong start with yields now close to unch
on the day.
- Bunds have sold off and the curve has marginally bear steepened.
- BTPs have underperformed with cash yields 1-3bp higher across the curve.
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