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

CHINA SETS YUAN CENTRAL PARITY AT 7.1056 FRI VS 7.1058

MNI CBRT WATCH: Turkey CenBank Holds After "Significant" Hike

MNI China Daily Summary: Thursday, April 25

Australia Q1 Export Price Index -2.1%; Import Price Index -1.8%

Australia Q1 PPI +0.9%; Most Industries Rise

Japan Tokyo Apr Core CPI +1.6% Y/Y

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

Equity Bounce Goes Unnoticed In Treasuries

US
  • A reasonable bounce in equites (ESU2 +0.7% off the session low, Nasdaq erasing its drop and hitting session highs) has gone largely unnoticed in Tsys, which remain close to session highs.
  • In yield space, 5Y and 10Y tenors still lead the moves on the day at -9bps from Friday’s close, at or below lows touched on Friday after the accelerated rally with the ISM manufacturing miss before it was fully retraced.
  • The curve remaining incredibly flat in major benchmarks, with 2Y, 5Y and 10Y tenors all between 2.789-2.796%.
  • Treasury volatilities are back at Mar-2020 levels on the back of these recent moves, with TY 1m 50D vol just off an earlier session high of 10.43.
  • With growth fears in such focus, tomorrow’s service ISM releases is particularly notable with consensus for a moderation from 55.9 to 54.0.
BulletMarketsFixed Income BulletsForeign Exchange 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.