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CHINA: Futures Slow to Follow Regional Moves.

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

 

  • With several key markets selling off today, China’s futures are hardly moving in what could be signs of central bank involvement in the bond market.
  • The benchmark 10YR future rose 0.025 in this morning’s trade to be at 109.20, marginally above the 20-day EMA of 109.00.  The 200-day EMA is 106.52.
  • Other EMA levels: 50-day EMA 108.30, 100-day EMA 107.45.  
  • China’s 5YR future is down -0.025 today at 106.530 and 2YR future is down -0.036 to 102.794.
  • The Lunar New Year holidays sees China out Jan 28-Feb 04 inclusive and it is likely that the Central Bank will provide liquidity leading into the holiday period which could see the resumption of the upward trend.
  • Key data out this week: Industrial Profits Jan 27, PMI’s 27 Jan.   
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  • With several key markets selling off today, China’s futures are hardly moving in what could be signs of central bank involvement in the bond market.
  • The benchmark 10YR future rose 0.025 in this morning’s trade to be at 109.20, marginally above the 20-day EMA of 109.00.  The 200-day EMA is 106.52.
  • Other EMA levels: 50-day EMA 108.30, 100-day EMA 107.45.  
  • China’s 5YR future is down -0.025 today at 106.530 and 2YR future is down -0.036 to 102.794.
  • The Lunar New Year holidays sees China out Jan 28-Feb 04 inclusive and it is likely that the Central Bank will provide liquidity leading into the holiday period which could see the resumption of the upward trend.
  • Key data out this week: Industrial Profits Jan 27, PMI’s 27 Jan.