MNI China Daily Summary: Wednesday, July 31

MNI BRIEF: BOJ To Raise Further, No Clues on Timing - Ueda

MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

Flash Inflation In-Line With Tracking; Services Softens But Only Slightly

MNI: EUROZONE JUL FLASH HICP +2.6% Y/Y

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

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EGB/Gilt

BOND SUMMARY

It has been a mixed start to the week for European sovereign bonds, while equities have inched lower and the dollar has gained against G10 FX.

  • Gilts have lacked direction and trade close to unch on the day with the curve similarly flat.
  • Bunds started the session on a stronger footing but gave up early gains to trade within 1bp of Friday's close.
  • The OAT curve has flattened 2bp on the back of the shorter end trading a touch weaker. Last yields: 2-year -0.3994%, 5-year -0.0102%, 10-year 0.5429%, 30-year 1.3993%.
  • BTPs have sold off slightly with cash yields 1-2bp higher on the day.
  • The UK's chief medical officer, Chris Whitty, has warned that the NHS could soon be overwhelmed if social restrictions are not adhered to.
  • Supply this morning came from Germany (Bubills, EUR4.265bn allotted).
  • The data calendar was relatively light this morning. Norwegian CPI data for December printed in line with expectations (1.4% Y/Y).
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