MNI BRIEF: Caixin June Manufacturing PMI Hits Three-year High

MNI BRIEF: Japan Q1 GDP Revised Lower On Public Investment

MNI BRIEF: Business Inflation Expectations Solid - BOJ Tankan

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

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

MNI: PBOC Sets Yuan Parity Lower At 7.1265 Mon; -0.32% Y/Y

Daily Average Exports Hold Close To Recent Highs, Trade Surplus Firms

CHINA JUNE CAIXIN MANUFACTURING PMI 51.8 VS 51.7 IN MAY

MNI: BOJ Tankan: Sentiment Rises, Solid Capex Plans, Backs BOJ

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

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Core FI Shows Muted Reaction Sino-U.S. Trade Call

BOND SUMMARY

T-Notes continue to trade slightly lower, last -0-02+ at 139-14, after probing the water under overnight lows. The space showed a muted reaction to headlines pointing to a phone call between top U.S. & Chinese trade officials, as the news hasn't really revealed anything surprising. Cash Tsy yields sit marginally higher across the curve as we type. Eurodollar futures last seen unch. to +0.5 tick through the reds.

  • Despite starting the session on a softer footing, JGB futures have bounced and last trade at 151.95, 2 ticks shy of settlement. 2s and the longer end outperform in cash trade, while belly lags. Main focus falls on 20-Year JGB supply.
  • In Australia, YM -0.5 & XM -3.5 at typing. Cash ACGB curve runs steeper, with yields sitting -0.1bp to +3.6bp. Bills last seen unch. to -1 tick through the reds. The space has shrugged off weekly Australian payroll jobs and wages data, as well as preliminary trade figures. Elsewhere, the AOFM auctioned A$100mn worth of 0.75% 21 Nov #27 I/L Bonds.
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

To read the full story

Close

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.