MNI China Daily Summary: Friday, October 25

MNI BRIEF: China's Next NPC Meeting Scheduled For Nov 4 to 8

MNI: PBOC Net Injects CNY184.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1090 Fri; +2.73% Y/Y

CHINA PBOC CONDUCTS CNY292.6 BLN VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1090 FRI VS 7.1286

MNI: GERMANY OCT IFO BUSINESS CLIMATE INDEX 86.5

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.4%

MNI: FRANCE OCT CONSUMER SENTIMENT 94

CANADA: Politics Week: Trudeau Facing More Internal Dissent And Departures

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

CANADA: Politics Week: Parliament Opens With Early Election Threats

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Fund Flows

CREDIT MACRO
Credit BulletsBulletHomepagemarkets-real-timeCredit
  • For the week ending Wednesday fund flows continued into all $/€/£ IG & HY. $ govvies continued to face outflows while € govvies saw inflows. Floating exposed lev. loans saw small inflows.
  • Equities faced outflows from US but firm inflows into China.
  • More timely $ ETF flows for credit are still skewed to inflows.
  • Continuing strength has supporting the post-Q2 supply season which is coming to an end. Pricing very tight to secondary on aggregate for the small amount of IG supply that came locally (see above) and similar low-single digits handed out in $IG.
  • Primary across both regions are expected to be more mute; bbg surveys local expectations (ex. SSA) at ~€12b vs. ~€17b expected this week. $IG expected to give $10-15b vs. $20b this week.
124 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.
  • For the week ending Wednesday fund flows continued into all $/€/£ IG & HY. $ govvies continued to face outflows while € govvies saw inflows. Floating exposed lev. loans saw small inflows.
  • Equities faced outflows from US but firm inflows into China.
  • More timely $ ETF flows for credit are still skewed to inflows.
  • Continuing strength has supporting the post-Q2 supply season which is coming to an end. Pricing very tight to secondary on aggregate for the small amount of IG supply that came locally (see above) and similar low-single digits handed out in $IG.
  • Primary across both regions are expected to be more mute; bbg surveys local expectations (ex. SSA) at ~€12b vs. ~€17b expected this week. $IG expected to give $10-15b vs. $20b this week.