MNI China Daily Summary: Wednesday, July 31

MNI BRIEF: BOJ To Raise Further, No Clues on Timing - Ueda

MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

Flash Inflation In-Line With Tracking; Services Softens But Only Slightly

MNI: EUROZONE JUL FLASH HICP +2.6% Y/Y

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

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

Looking ahead to US retail sales

BOND SUMMARY
  • Core fixed income has spent the European morning session partially retracing the losses seen during yesterday's trading day (but staying within yesterday's trading ranges). This is in spite of a move higher for European equities and US equity futures.
  • After a couple of days of very heavy supply, particularly in the Eurozone, today only sees a 20-year Irish syndication. We expect a E4-5bln transaction size.
  • Looking ahead, the highlight of the calendar will be US retail sales with consensus expecting the headline figure to come in at 5.8% M/M. Industrial production and claims data will also be watched while TIC data is also due for release.
  • The Fed speaker schedule is also fairly busy again with Logan the highlight. Bostic, Daly and Mester are all duet to speak too.
  • TY1 futures are up 0-6 today at 132-03+ with 10y UST yields down -1.9bp at 1.614% and 2y yields down -0.4bp at 0.158%.
  • Bund futures are up 0.10 today at 170.97 with 10y Bund yields down -1.2bp at -0.271% and Schatz yields down -0.1bp at -0.695%.
  • Gilt futures are up 0.17 today at 128.20 with 10y yields down -1.8bp at 0.785% and 2y yields down -0.8bp at 0.047%.
BulletMarketsFixed Income BulletsForeign Exchange 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.