MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

CHINA PBOC CONDUCTS CNY66.1 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1358 WEDS VS 7.1334

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI China Daily Summary: Tuesday, July 23

GERMANY AUG GFK CONS CLIMATE -18.4 (-21.0 F'CAST; -21.6 JULY)

INDON Curve Out-Performs As Investors See Rate Hikes Ending

MNI: UK APR-JUN MEDIAN PAY AWARDS +4.9% :Brightmine

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

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Finance Ministry Says Won’t Issue Any More Peso Bonds in 2022

COLOMBIA
  • The 33.75 trillion pesos raised so far are enough to meet cash needs, according to a statement from the Finance Ministry.
  • Decision not to issue more local peso bonds, known as TES, will allow Colombia to consolidate less expensive debt and is consistent with objective of complying with fiscal rule.
  • The 33.75 trillion pesos of local bond sales represents 90% of the 37.5 trillion pesos that was expected for the year, according to the Finance Ministry.
  • BBVA strategists noted that “this measure could provide some relief for battered local bonds which reached yields north of 14% last week, but more will be needed including further fiscal commitment and less political noise to halt the downside pressure on the COP”.
  • Today’s data is scheduled at 1700BST/1200ET: August Economic Activity NSA YoY, est. 7.4%, prior 6.4%
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