MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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 Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

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

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

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

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EGB/Gilt - Bond trade lower ahead of NFP

BONDS

A calm start for EGBs and Govies in general, as the street awaits the US NFP.

  • Bund has been better offered on positioning and squaring ahead of the data, with similar price action across the board.
  • The push lowed in the longer end, has pushed the curves steeper, but volumes and ranges have been somewhat limited.
  • Peripheral are mostly tighter versus the German 10yr, Greece is in the lead, by 1.7bp,
  • Gilts underperforms EGBs, translating in a 1.2bp wider Gilt/Bund spread.
  • Looking ahead, ALL EYES on NFP.
  • After market ratings:
  • Fitch on Norway (current rating: AAA; Outlook Stable)
  • Moody's on the Czech Republic (current rating: Aa3; Outlook Stable) & Malta (current rating: A2; Outlook Stable)
  • S&P on the European Stability Mechanism (current rating: AAA; Outlook Stable)
  • DBRS Morningstar on Luxembourg (current rating: AAA, Stable Trend)
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