MNI China Daily Summary: Tuesday, June 18

MNI BRIEF: More Steps Needed On Integragted Finc'l Sevices-ECB

RBA SAYS IT REMAINS "VIGILANT TO UPSIDE RISKS"

MNI: PBOC Net Injects CNY84 Bln Via OMO Tues; Rates Unchanged

CHINA PBOC CONDUCTS CNY86 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: PBOC Sets Yuan Parity Lower At 7.1148 Tues; -1.35% Y/Y

MNI: GERMANY JUN ZEW CURRENT CONDITIONS -73.8

Final Data Confirms Mixed May HICP Print

MNI: GERMANY ZEW JUN ECONOMIC EXPECTATIONS 47.5

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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Marginally Cheaper, Ranges Narrow In Asia

US TSYS

TYZ3 deals at 108-08+, -0-03, a 0-07+ range has been observed on volume of ~195k.

  • Cash tsys sit 2-3bps cheaper across the major benchmarks, the belly is marginally leading the cheaps.
  • Tsys ticked lower in early trade, there was no overt macro driver as perhaps the possibility of an extended truce between Hamas and Israel weighed.
  • Support was seen as WTI ticked away from session highs and tsys recovered to hold cheaper dealing in a narrow range for the most part. WTI sits ~1% lower.
  • There is a thin docket in Europe today, further out we have New Home Sales, Dallas Fed Mfg Activity and latest 2- and 5-Year supply.
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