MNI China Daily Summary: Monday, June 3

MNI BRIEF: Caixin May Manufacturing PMI Hits Over Two-year High

MNI: China CFETS Yuan Index Up 0.03% In Week of May 31

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1086 Mon; -1.90% Y/Y

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

MNI: US APR CONSTRUCT SPENDING -0.1%

MNI: US ISM MAY MANUF PURCHASING MANAGERS INDEX 48.7

US S&P Manufacturing PMI Revised 0.4 points higher to 51.3

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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Core EGBs are up today, benefitting.....>

EGB SUMMARY
EGB SUMMARY: Core EGBs are up today, benefitting from wider European risk-off
sentiment as oil continues to tumble. 
- The Mar-19 Bund future is up 33 ticks at 163.47, having traded in a range of
163.24-163.55 today. 
- The longer end of the Bund cash curve has seen the biggest gains; the 2-Yr
yield is down 0.9bps at -0.617%, 5-Yr down 1.7bps at -0.31%, 10-Yr down 1.9bps
at 0.237%, and 30-Yr down 1.6bps at 0.867%. 
- BTPs have come off early trading highs but still up for the day.
- The Mar-19 BTP future currently up 15 ticks at 125.5, having traded in a range
of 124.57-125.64 today. 
- The BTP 2s10s has bull flattened by 2.1bps, with the short end largely
unchanged on the day. 
- The 2-Yr BTP yield is down 0.2bps at 0.556%, 5-Yr down 2.9bps at 1.984%, 10-Yr
down 2.3bps at 2.937%.  
- Elsewhere gains for periphery EGBs has seen 10-Yr spreads Vs Bunds fall for
Italy, Spain, and Portugal. Greek 10-Yr spread Vs Bunds is up 5bps at 413.9bps.
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