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

RPT-MNI INTERVIEW: Canada Budget Leans To Largesse-CFIB's Kelly

RPT-MNI INTERVIEW: Freeland Keeps Some Credit Shine: Desjardins

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

Contributions to the Y/Y change in CPI

Restaurants and hotels drive the upside surprise at first glance

MNI: UK MAR CPI +0.6% M/M, +3.2% Y/Y

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Day ahead

BUNDS
  • Bund trades at mid range, where the contract was trading yesterday at 172.42y.
  • Tnotes saw more of a reaction on Fed Powell hawkish comment regarding pace of taper, but he remained cautious on Covid.
  • Bund are back in the green on the cash open, underpinning Treasuries.
  • Some notable moves were in Commodities, and also some dip buying interest in Equities, especially when you consider that the Etoxx Futures (VGZ1) lost 9.40% since the November high and close to 7% since last Friday.
  • Today sees Manufacturing PMIs, will be final readings for France, Germany,, EU and the UK, so unlikely to move the needle.
  • Out of the US, include ADP and ISM Manufacturing.
  • OECD Publishes Economic Outlook.
  • OPEC= starts first day meeting on production.
  • SUPPLIES: UK £2.25bn 2032 (Equates to 22.4k Gilts), German EU3bn Bobl (Equates to 23.5k Bobl).
  • SPEAKERS; BoE Bailey (on insurance), Powell, Yellen before the House.
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