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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(H3) Sell Off Accelerates

BTP TECHS
  • RES 4: 121.26 0.764 proj of the Dec 30 - Jan 19 - 30 price swing
  • RES 3: 120.00 Psychological round number
  • RES 2: 118.56/96 High Jan 19 / Dec 7 and a key resistance zone
  • RES 1: 116.33/118.18 High Feb 9 / High Feb 2
  • PRICE: 112.83 @ 15:24 GMT Feb 21
  • SUP 1: 112.51 Low Feb 16
  • SUP 2: 112.26 61.8% retracement of the Dec 30 - Jan 19 rally
  • SUP 3: 111.59 Low Jan 6
  • SUP 4: 110.77 Low Jan 4 and 76.4% of the Dec 30 - Jan 19 rally

BTP futures gapped lower at the Friday open, printing a fresh pullback low at 112.51. This keeps the outlook bearish, and defies views that the recent weakness was corrective in nature. The next downside levels to watch cross at 112.26, the 61.8% retracement of the Dec 30 - Jan 19 rally. A break would be a bearish development. A reversal higher would signal scope for a test of firm resistance at 118.56, the Jan 19 high and 118.96, the Dec 7 high.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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