Free Trial

Chinese assets have had an interest Asia......>

CHINA: Chinese assets have had an interest Asia session with a 40 tick reversal
in 10 year bond futures from their early highs coming in spite of deep losses in
stocks and failing to prevent a bearish reversal in the yuan.
- 10 year futures broke below last week's lows and look poised for a potential
bearish reversal amid widespread expectations of further PBOC easing. Cash
yields were last up 2.4bps. 
- A shares are off 1% while H shares are down 1.5% with Heath Care
underperforming amid a sea of red. Both the CSI300 and the HSI appear to be
resuming their downtrends. 
- USDCNH has gained 0.5% from its early lows which failed to take out Friday's
lows, with the pair triggering a potential double bottom.
- On the news front, a contraction in imports and exports in dollar terms seems
to have outweighed other positive headlines such as the increase in the QFII
quota and the promise of more government measures to boost Chinese imports this

To read the full story



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.