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 have sold off Tuesday.........>

EGB SUMMARY
EGB SUMMARY: Core EGBs have sold off Tuesday afternoon, while peripheries are
broadly steady.
- The Mar 19 Bund future is up 15 ticks at 163.29, with the cash curve bull
flattening. 2-Yr yield is up 0.1bps at -0.607%, 5-Yr is down 0.2bps at -0.295%,
10-Yr is down 0.7bps at 0.249%, and 30-Yr is down 1.2bps at 0.871%.
- Futures fell sharply beginning 1400GMT as equities steadied.
- The Mar 19 BTP future is up 3 ticks at 125.38, down from the 125.64 high. 2-Yr
yield is down 0.1bps at 0.557%, 10-Yr is down 1bps at 2.95%.
- Markets appear nonplussed about developments in the Brussels-Rome budget
dispute. EC officials could discuss the case Wednesday, and are debating opening
an infringement procedure, reported La Repubblica.
- Spanish and Portuguese spreads are fairly steady. Greek bonds are Europe`s
worst performer, 10-Yr spread up 4.6bps vs Bunds at 413.5bps.
- Fairly thin on eurozone data and ECB speakers the rest of the week.
Wednesday`s Federal Reserve decision will be watched closely.
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