MNI: PBOC Net Drains CNY98 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1106 Fri; -1.79% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1106 FRI VS 7.1108

MNI China Daily Summary: Thursday, June 6

MNI BRIEF: China Hopes For "Accommodative" EU Trade Resolution

Household Spending Back In Positive Y/Y Territory

MNI JAPAN APRIL HOUSEHOLD SPENDING +0.5% Y/Y; MARCH -1.2%

EZ/UK Bond Supply Calendar: BoE APF Mon; EU, UK Synd W/C 10-Jun

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Citi analysts said in "Debt........>

US TSYS/RESEARCH
US TSYS/RESEARCH: Citi analysts said in "Debt Ceiling Redux" that "Congress has
only weeks to decide on the fate of the debt ceiling ahead of the "hard"
deadline. Our range for the "X-date" is Oct. 2 through 12." 
- They cited risks, and said "we anticipate the debt ceiling will be suspended
until a later date. Raising the ceiling is an option, but is less likely given
the partisan atmosphere, in our view. We assign a very low probability of
default. However, both the Treasury and the Fed have options to forestall the
"hard" default date."
- They expect US "rates to rally on political uncertainty going into the ceiling
and selloff upon the resolution. On short-ends, we expect the impact mostly via
large bill issuance upon the resolution."
- They have such trading strategies as recommending "buying 2m10y swaption
straddles going into the ceiling. On short-ends, we like OIS/1.5Y UST spread
tightener and front-end JPY/USD XCCY receiver around the December turn."

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