MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

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

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

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

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Early Risk-On To Finish Week

US TSYS
Markets trade with a modest risk-on tone ahead the weekend. Off early London highs, Tsys now mildly weaker (30YY 3.2124% +.0128) on moderate volumes (TYU2 <325k) as stocks inch higher (ESU2 +30.75 at 3830.50). Crude firmer (WTI +1.85 at 106.12), as is Gold (+4.83 at 1827.60) after Thu's rout.
  • Tsy 30Y bond futures USU2 near recent lows, taking cues from lower EGBs and China rates (10YY slightly over 200DMA, 2.8360%).
  • Tsy yield curves narrowly mixed (2s10s +.637 at 7.037) as short end continues to adjust to Thu's rate hike re-pricing post weak PMI: Fed baseline still 75bp in near term amid ongoing recession concerns, but mkt pricing of hikes stalls out in early 2023.
  • Limited data today w/ U. of Mich. Sentiment (50.2 est) and New Home Sales (590 est)/MoM (-0.2%) at 1000ET.
  • Fed speak kicks off w/ StL Fed Bullard on inflation, UBS event, Zurich, no text, Q&A at 0730ET. SF Fed Daly Fox Business interview at 1315ET.
  • US Banks passed 2022 Fed Stress Tests -- under a stress scenario tougher than that of last year's, the 34 banks would collectively lose USD612 billion, the Fed said in late Thu release.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.