MNI BRIEF: China Crude Steel Output Down Over Jan Feb

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

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

CHINA:  Futures Lower Despite Liquidity Injection from OMO. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • China’s bond futures are lower at midday today despite the open market operations resulting in a CNY84bn liquidity injection.
  • China’s 10YR bond future is down -.21 to 108.24 whilst the 2YR future is down -0.2 to 102.56.
  • The 10YR future’s sell off has pushed it to the mid-point between the 50-day EMA of 108.61 and the 100-day EMA of 108.02.
  • The 2YR future has broken through all key technical levels and sits below the 200-day EMA of 102.63.
  • The futures sell off is aligned with the strong rally in equities today as the Hang Seng leads other key China equity bourses higher, rising by 2.2%.
  • Government bond yields are 1 bps higher across the curve.  
114 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.
  • China’s bond futures are lower at midday today despite the open market operations resulting in a CNY84bn liquidity injection.
  • China’s 10YR bond future is down -.21 to 108.24 whilst the 2YR future is down -0.2 to 102.56.
  • The 10YR future’s sell off has pushed it to the mid-point between the 50-day EMA of 108.61 and the 100-day EMA of 108.02.
  • The 2YR future has broken through all key technical levels and sits below the 200-day EMA of 102.63.
  • The futures sell off is aligned with the strong rally in equities today as the Hang Seng leads other key China equity bourses higher, rising by 2.2%.
  • Government bond yields are 1 bps higher across the curve.