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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.
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Free AccessChinese bond futures are on the front...>
CHINA RATES: Chinese bond futures are on the front foot again with the 10-year
up 24.5 ticks to trade at 97.36, just shy of the Dec 5 highs. The arrest of
Huawei CFO on Sunday further complicates the delicate US-China trade truce
raising the prospect that the PBOC engages in further easing.
- 10-year cash yields trade down 3bps at 3.282%, falling to fresh ytd lows.
- Swap markets are following suit, with the curve 3-4bps lower last. 2-year
trades at 2.7125%, closing in on the Aug lows.
- The current stability in the yuan amid weakness in Chinese stocks provides a
window of opportunity for the PBOC to ease, particularly as the US Fed has taken
its foot off the gas regarding its hiking cycle.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.