MNI: PBOC Net Drains CNY195.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1868 Weds; -2.18% Y/Y

MNI China Daily Summary: Tuesday, December 24

MNI: JAPAN NOV SERVICES PPI +3.0% Y/Y; OCT UNREV +2.9%

MNI: PBOC Net Drains CNY291.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Tues; -2.11% Y/Y

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

MNI: US DEC PHILADELPHIA FED NONMFG INDEX -6

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

CHINA: Country Wrap - Crackdown on Bond Market Underway?

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

 

  • A report in China’s 21st Century Business Herald suggests a heavy focus from the PBOC on bond market activity will result in the first batch of finesse being announced imminently with CNY10 m fines to be levied.  (source: MNI – Market News).
  • Central Bank Drains Liquidity via OMO. (source: MNI – Market News).
  • Major equity indices are all positive today with Hang Seng +1.08%, CSI 300 +0.75%, Shanghai +0.68% and Shenzhen +0.40%
  • CNY: Yuan Reference Rate at 7.1876 Per USD; Estimate 7.2993
  • Bonds:  earlier bonds jumped higher in yields on the news story mentioned above only to move quickly back to near flat on the day.  10YR 1.713% (+0.5bp)
105 words

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.

 

  • A report in China’s 21st Century Business Herald suggests a heavy focus from the PBOC on bond market activity will result in the first batch of finesse being announced imminently with CNY10 m fines to be levied.  (source: MNI – Market News).
  • Central Bank Drains Liquidity via OMO. (source: MNI – Market News).
  • Major equity indices are all positive today with Hang Seng +1.08%, CSI 300 +0.75%, Shanghai +0.68% and Shenzhen +0.40%
  • CNY: Yuan Reference Rate at 7.1876 Per USD; Estimate 7.2993
  • Bonds:  earlier bonds jumped higher in yields on the news story mentioned above only to move quickly back to near flat on the day.  10YR 1.713% (+0.5bp)