MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

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

MNI: PBOC Sets Yuan Parity Lower At 7.1315 Fri; -1.12% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1339

MNI BRIEF: Fed's Musalem: Interest Rates Likely To Be 3.5%-4% Over Long Run

FED’S DALY: POLICY ADJUSTMENTS LIKELY WARRANTED AT SOME POINT

Asia Sovs Track US Yields Lower, BI Rate Decision Next Week

CHINA JUN EXPORTS +8.6% Y/Y VS MEDIAN +8.0% Y/Y: CUSTOMS

MNI: CHINA H1 EXPORTS +6.9% Y/Y IN YUAN TERM: CUSTOMS

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Heavy volume (TYH>2.4M) on choppy......>

US TSY FLOWS
US TSY FLOWS: Heavy volume (TYH>2.4M) on choppy session for rates, Tsys bid
after the bell -- but well off session highs to near session lows as risk-off
support waned on the heels of the World Health Org conference declaring
international health emergency. In other words: buy the rumor, sell the fact.
Risk-off unwind theme in late trade.
- Large short end sellers pre-data, appr -15,000 TUH from 108-01.25 to -01.75,
decent two-way flow in post data trade. Bit of risk-off unwinding noted
midmorning as equities climbed off lows -- in-line w/ JPY/USD. Rates held near
highs to await delayed WHO conf, flow included fast and real$ buying
intermediates, real$ and bank portfolio buying long end.
- While corona virus spd headlines will likely continue to drive vol here,
suspect month end flow to help keep futures in range. 
- The 2-Yr yield is up 0.4bps at 1.4167%, 5-Yr is up 0.5bps at 1.4107%, 10-Yr is
up 0.7bps at 1.5907%, and 30-Yr is up 1.8bps at 2.0567%.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

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.