MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: PBOC Injects Net CNY2 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0967 FRI VS 7.0968

MNI China Press Digest April 12: CPI, Upgrades, Hainan

Inflationary Breadth Narrows, But Services HICP Stays Above 4%

Lower HICP Item Disinflation Showing Signs Of Stalling At/Above 2%

CHINA MAR EXPORTS -7.5% Y/Y VS MEDIAN -1.8% Y/Y: CUSTOMS

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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GoCs Reverse Yesterday's Climb Despite Warning On Macklem's Resolve

CANADA
  • GoC yields have reversed most of yesterday’s sell-off, especially at the front-end, with yields down 4 to 6bp across 2-10Y tenors,
  • It chalks up almost 4bp of outperformance to 2Y Tsys on the day after trend underperformance since late Sep saw the Can-US yield differential narrow from -50bps to -25bps currently.
  • The move at the front end comes despite warnings from former Volcker aide Sherry Cooper that investors are underestimating BoC Governor Macklem’s resolve to tackle inflation and to keep up with the Fed’s Powell in an interview with MNI (link), although are potentially distorted with positioning ahead of tomorrow's CPI print.
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