MNI China Press Digest March 18:Inflows, Consumption, Industry

MNI: PBOC Net Injects CNY235.6 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1733 Tues; -0.54% Y/Y

MNI WATCH: BCB To Hike 100BP As Signaled, Eyes On May Guidance

MNI BRIEF: China To Release Childcare Subsidies, Boost Income

MNI BRIEF: PBOC Mulls New Tools Targeting Consumption

EZ/UK Bond Supply Calendar: UK, Finland Due Tuesday

EZ/UK T-Bill Calendar: 6-Month ESM-Bill Auction on Tuesday

MNI: US JAN BUSINESS INVENTORIES +0.3%; SALES -0.8%

GERMANY: Handelsblatt Report on Lingering Uncertainties Ahead of Bundestag

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CREDIT PRE-MARKET: EUR Market Wrap

CREDIT PRE-MARKET
BulletCredit Bullets
  • 2y/10y bunds closed -5bp/-6bp at 2.08%/2.42% - rates were lower from the morning on tariff concerns, while treasury yields were also lower post PPI. USTs closed -5bp/-10bp at 4.31%/4.53%.
  • Main/XO ended -1bp/-4bp at 51.6bp/281bp while €IG was -1.8bp at 0.89% (Corps -1.3bp at 0.86%, Fins -2.4bp at 0.93%, €HY -1bp at 2.88%). $IG was -0.6bp at 0.78% (Corps -0.5bp at 0.78%, Fins -0.8bp at 0.78%, $HY flat at 2.62%).
  • SX5E/SPX futures closed +1.7%/+1% at 5507pts/6135pts. €IG movers included Forvia SE (+11%), Euronet Worldwide Inc (+10%), Molson Coors Beverage Co (+10%), Legrand SA (+9%), Neste Oyj (-11%), British American Tobacco PLC (-9%).
  • SX5E/SPX futures are -0.4%/+0.1% this morning. Broader market moves have been limited in the first part of Friday trade. Relief that we are unlikely to see reciprocal tariffs in the near term (with an early April date touted), hasn't weighed much further on the USD while UST futures have been relatively steady,
  • Looking ahead, we have EU GDP, while in the USD retail sales is likely to be the main focus point. We also hear from the Fed's Logan.

 

image
177 words

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.
  • 2y/10y bunds closed -5bp/-6bp at 2.08%/2.42% - rates were lower from the morning on tariff concerns, while treasury yields were also lower post PPI. USTs closed -5bp/-10bp at 4.31%/4.53%.
  • Main/XO ended -1bp/-4bp at 51.6bp/281bp while €IG was -1.8bp at 0.89% (Corps -1.3bp at 0.86%, Fins -2.4bp at 0.93%, €HY -1bp at 2.88%). $IG was -0.6bp at 0.78% (Corps -0.5bp at 0.78%, Fins -0.8bp at 0.78%, $HY flat at 2.62%).
  • SX5E/SPX futures closed +1.7%/+1% at 5507pts/6135pts. €IG movers included Forvia SE (+11%), Euronet Worldwide Inc (+10%), Molson Coors Beverage Co (+10%), Legrand SA (+9%), Neste Oyj (-11%), British American Tobacco PLC (-9%).
  • SX5E/SPX futures are -0.4%/+0.1% this morning. Broader market moves have been limited in the first part of Friday trade. Relief that we are unlikely to see reciprocal tariffs in the near term (with an early April date touted), hasn't weighed much further on the USD while UST futures have been relatively steady,
  • Looking ahead, we have EU GDP, while in the USD retail sales is likely to be the main focus point. We also hear from the Fed's Logan.

 

image