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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessDespite positive news in the form of....>
CHINA RATES: Despite positive news in the form of a large beat in the Caixin
Services PMI (53.8 vs 50.7 exp.) and news of Chinese concessions in the ongoing
trade dispute with the US, Chinese yields continue to drop.
- 2-year interest rate swaps are down 4bps at 2.71%, breaking below the Oct lows
to bring the Aug ytd lows into focus at 2.6450%. 10-year futures are just off
their daily highs but still up 25 ticks. The yield curve has also seen some
flattening over recent days.
- The failure of yields to rise in spite of positive headlines and the recovery
in Chinese stocks suggests that expectations are rising that the PBOC will
embark on considerable loosening measures, even as the economic backdrop
improves.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.