MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

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

Dealing Mixed, IMF Upgrades China’s Economic Growth Target

ASIA RATES
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

Asian government bonds are trading mixed, with Chinese bonds slightly richer but South Korean bonds heavy.

  • China's government bond yields remain anchored close to recent lows, dealing flat to 1bp richer, despite the IMF upgrading China’s economic growth target to 5% from 4.6% after a strong Q1.
  • IMF Deputy Managing Director: There is scope for a more comprehensive policy package to address issues in the property sector. Macroeconomic policies should support domestic demand and mitigate external risks. Priority should be given to providing central government support to the real estate sector.
  • China’s MoF also announced that it plans to issue a total of 11bn Yuan of bonds in Hong Kong on June 5.
  • South Korean sovereign bonds are flat to 5bps cheaper across benchmarks. With the local calendar empty, today’s move appears tied to global bond developments.
137 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.

Asian government bonds are trading mixed, with Chinese bonds slightly richer but South Korean bonds heavy.

  • China's government bond yields remain anchored close to recent lows, dealing flat to 1bp richer, despite the IMF upgrading China’s economic growth target to 5% from 4.6% after a strong Q1.
  • IMF Deputy Managing Director: There is scope for a more comprehensive policy package to address issues in the property sector. Macroeconomic policies should support domestic demand and mitigate external risks. Priority should be given to providing central government support to the real estate sector.
  • China’s MoF also announced that it plans to issue a total of 11bn Yuan of bonds in Hong Kong on June 5.
  • South Korean sovereign bonds are flat to 5bps cheaper across benchmarks. With the local calendar empty, today’s move appears tied to global bond developments.