MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

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

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

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

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Longer end remains under pressure

BUNDS
  • Bund is on the margin underpinned on the cash open following the German data miss, albeit a touch in red territory.
  • Longer continues to struggle and lean steeper on the open.
  • German 30yr Yield tested highest level since August 2014 and 10yr still at highest level since December 2011.
  • German 10yr breached the 2.20% and the 2.25% mark, but did find some receiving interest at 2.25% (printed 2.254% high).
  • Support will be seen at 136.56 yesterday's low, followed by the 2.30% level, which equated to 136.18 yesterday.
  • Small resistance moves down to 137.41 initially.
  • French and Italian consumer confidence are the notable data for the session. SUPPLY: US sells 7yr Notes and 2yr FRN re-opening.
  • SPEAKERS: Plenty more speakers are scheduled, and again attention will be on the BoE members, today sees BoE Cunliffe and Dingra.
  • Others, include ECB Lagarde, Kazimir, Holzmann, Elderson, Fed Powell, Bostic, Bullard, Bowman, Barkin and Evans.
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