CHINA SETS YUAN CENTRAL PARITY AT 7.1049 WEDS VS 7.1082

MNI BRIEF: First BOE Cut In May, Inflation Sub 2% Q2 - NIESR

MNI INTERVIEW: Copom At Ease With Market Rate Pricing-Kfoury

Bond Supply Calendar: Belgium Synd; UK, DE Due Wednesday

W/C February 5, 2024

EZ/UK T-Bill Calendar: Italy, UK Auction Friday

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

MNI BRIEF: Canada Needs CAD1 Trln To Fix Housing Squeeze- CMHC

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

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CHINA SETS YUAN CENTRAL PARITY AT 7.1049 WEDS VS 7.1082

MNI BRIEF: First BOE Cut In May, Inflation Sub 2% Q2 - NIESR

MNI INTERVIEW: Copom At Ease With Market Rate Pricing-Kfoury

Bond Supply Calendar: Belgium Synd; UK, DE Due Wednesday

W/C February 5, 2024

EZ/UK T-Bill Calendar: Italy, UK Auction Friday

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

MNI BRIEF: Canada Needs CAD1 Trln To Fix Housing Squeeze- CMHC

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

JAPAN/CHINA: This week's 3/10/30-year....>

US TSYS/3Y
US TSYS/3Y: JAPAN/CHINA: This week's 3/10/30-year Treasury auctions should draw
good US and foreign buying, including good Japanese and Chinese buying. Japanese
accts feel the US economy will bump along near-term so the Fed may be on hold,
so they are buying reportedly including Japanese Post Bank (Kampo) and
mega-banks, said traders. Japanese accounts did good buying in Tsys in the most
recent week as Japanese MOF data showed net buyers of foreign bonds of Y106.70
(US$9.6B). 
- Chinese demand also will be expected at the 3/10/30-year auctions. The China
foreign exchange reserves and their Treasuries holdings are both growing, said
traders. "They tend to buy the whole curve" in Treasuries, taking a dollop at
each maturity. But the big Asian central banks also esp. like the 2Y, 3Y Tsys
too.
- Others expected European demand since Treasuries remain cheap to European debt
as Tsys offer more yield to yield-starved investors.
- On related note, Japanese accounts such as Kampo (Japanese Post Bk) and Jpn
mega- banks "center in on the 7-year note to 10-year notes", said traders.

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