MNI China Daily Summary: Friday, December 27

MNI BRIEF: BOJ: Rate Hike Chance Nearing; Mull Patiently

MNI: PBOC Net Injects CNY6.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1893 Fri; -2.12% Y/Y

MNI JAPAN NOV FACTORY OUTPUT DROPS 2.3% M/M; OCT +2.8%

MNI JAPAN NOV JOBLESS RATE AT 2.5%, UNCHANGED FROM OCT

US EIA:NAT GAS STORAGE -93 BCF TO 3,529 BCF DEC 27 WK

MNI: US JOBLESS CLAIMS -1K TO 219K IN DEC 21 WK

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

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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CREDIT UPDATE: € Credit Midday

CREDIT UPDATE
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  • 2y/10y bunds are +5bp/+1bp at 2.05%/2.26%. German IFO came in slightly strong, while comments from Lane and Kazaks were non-committal as to the size of December cuts. Treasuries are slightly better with the appointment of Bessent well received.
  • Main/XO are -0.7bp/-4bp at 56.9bp/304bp while €IG/€HY looks flat/-3bp. ITVLN 32 is 17 wider following reports of takeover interest involving PE. REIT perps are performing following the HEIBOS refinancing announcement. BAMIIM is 5-15 tighter following news of an approach from Unicredit.
  • SXXP is flat at 509pts while SPX futures are +0.5%. €IG's biggest risers/fallers include ITV PLC (+9%), Kering SA (+4%), Commerzbank AG (-7%), ICADE (-5%), UniCredit SpA (-4%).
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  • 2y/10y bunds are +5bp/+1bp at 2.05%/2.26%. German IFO came in slightly strong, while comments from Lane and Kazaks were non-committal as to the size of December cuts. Treasuries are slightly better with the appointment of Bessent well received.
  • Main/XO are -0.7bp/-4bp at 56.9bp/304bp while €IG/€HY looks flat/-3bp. ITVLN 32 is 17 wider following reports of takeover interest involving PE. REIT perps are performing following the HEIBOS refinancing announcement. BAMIIM is 5-15 tighter following news of an approach from Unicredit.
  • SXXP is flat at 509pts while SPX futures are +0.5%. €IG's biggest risers/fallers include ITV PLC (+9%), Kering SA (+4%), Commerzbank AG (-7%), ICADE (-5%), UniCredit SpA (-4%).