MNI China Daily Summary: Monday, March 11

MNI: PBOC Conducts CNY10 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0969 Mon; -3.09% Y/Y

CHINA PBOC INJECTS CNY10 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.0969 MON VS 7.0978

MNI BRIEF: China February CPI Rises To 1-Year High

US Treasury Auction Calendar

EZ/UK T-Bill Calendar: ES, IT, BE, FI, Auction on Tuesday

Bond Supply Calendar: Netherlands, UK, Germany Auction Tuesday

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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DMO consultation outcome (part 3/3)

GILTS

Longs

  • Strong demand for ultra-long gilts noted by both GEMMs and investors.
  • 1.25% Jul-51: Two reopenings of the 30-year gilt recommended by GEMMs (in line with MNI expectations). Reopenings favoured by investors.
  • Strong support for 0.875% Jan-46, 0.50% Oct-61, 1.625% Oct-71 among both investors and GEMMs.
  • GEMMs also had a "number of calls" for a new 20-year maturity.
Linkers
  • One auction each of the 0.125% Aug-31 linker, 0.125% Sep-39 linker and 0.125% Mar-51 linker favoured by both GEMMs and investors (in line with MNI expectations).
  • Other auction: 2065 and 2068 both mentioned by both investors and GEMMs. Investors also mentioned 2056 or with "some participants pointing to the need for a new 50-year maturity index-linked gilt at some stage"
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