MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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

Curve Bear Flattens On Wednesday

US TSYS

TYM3 deals at 114-20, +0-01+, in line with late NY levels.

  • Cash tsys finished flat to 7bps cheaper across the major benchmarks, the curve bear flattened.
  • Tsys were pressured yesterday looking through the improved risk appetite, S&P500 was ~1.2% firmer, as rate cut expectations for 2023 softened.
  • FOMC dated OIS now price ~60bps of cuts in 2023, there were ~100bps priced last week.
  • There was optimism over a deal on the US debt ceiling as House Leader McCarthy noted a deal by Sunday was doable.
  • Tsys firmed off session lows as the latest 20-Year supply stopped through; strong indirect take up was observed.
  • The Australian Apr Labour Market Report headlines the Asia-Pac session. Further out we have Initial Jobless Claims and Philadelphia Fed Business Outlook. Fedspeak from Gov. Jefferson, VC Barr and Dallas Fed President Logan is on the wires. The latest 10 Year TIPS supply will cross.
BulletMarketsFixed Income BulletsHomepageBond Market News
BulletMarketsFixed Income BulletsHomepageBond Market News

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.