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MNI: RBNZ LEAVES OCR AT 5.5%

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1342 WEDS VS 7.1310

Headline CPI Ticks Down To 0.2% Y/Y, PPI In Line

CHINA JUNE FOOD PRICES -2.1% Y/Y VS -2.0% Y/Y MAY

CHINA JUNE CPI +0.2% Y/Y VS MEDIAN +0.4%; MAY +0.3% Y/Y: NBS

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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- Following news that Chancellor........>

EGB SUMMARY
EGB SUMMARY: - Following news that Chancellor Angela Merkel will stand down as
head of the CDU, German bunds have remained under pressure. While the CDU has
been quick to state that Merkel will remain in power until the next election in
2021, it now looks likely that she will not run again. 
- The 2-year bund trades at -0.623% up from a low of -0.644% while the 10-year
yield is up to 0.389% from 0.345%.
- French OATs have similarly sold off and the curve has steepened. The 2s10s
spread has widened to 116.5bps from a low of 114.9bps.
- The feedthrough from S&Ps relatively favourable sovereign credit rating
announcement on Friday continues to propel Italian BTPs. The 2-year benchmark
trades at 0.912% from 1.092% at Friday's close. 
- On the back of the longer end outperforming the Spanish curve has flattened.
The 10-year yield has pushed down to 1.526% from 1.562% with the 2s10s narrowing
to 173.8bps from 175.0bps.
- The Euribor futures strip has steepened with greens/blues down 2.5-3.0 ticks.
MarketsFixed Income Bullets
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