MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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GILTS: A Touch Stronger Alongside Bunds, Broader Macro Matters Eyed

GILTS

Gilt futures are +17 at 98.35, broadly in line with Bunds. Bulls will need to push through the Aug 27 high at 99.21 to signal an end to the present corrective phase, while 98.00 provides key round-number support.

  • BoE Deputy Governor Breeden moderates a panel on “Global supervisory cooperation in times of turbulence” at 1345BST, though comments surrounding the BoE’s policy outlook may be limited. See our earlier STIR post for more colour there.
  • Guidance for the syndicated launch of the new 4.375% Jan-40 Gilt has been set, with books to close at 1000BST.
  • Gilt yields are ~1.5bps lower across the curve, while the 10-year Gilt/Bund spread remains above 170bps.
  • There is no domestic data scheduled today, leaving broader macro matters at the fore. 
CEEMEABulletUKGlobalFixed Income BulletsRegionMarkets
CEEMEABulletUKGlobalFixed Income BulletsRegionMarkets

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