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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1028 Tues; -5.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1028 TUES VS 7.0979

MNI China Daily Summary: Monday, April 15

MNI: PBOC Sets Yuan Parity Higher At 7.0979 Mon; -4.90% Y/Y

CHINA Q1 2024 REAL GDP +5.3% Y/Y VS MEDIAN +4.8% Y/Y: NBS

MNI UK Inflation and Labour Preview - April 2024 Release

EZ/UK Bond Supply Calendar: Dutch DDA, gilts, RFGBs Due Tuesday

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Market Roundup: Strong FI Gains, Dec 75Bp Hike Pricing Cools

US TSYS
Tsy futures trading well bid, little off midmorning highs after 30YY fell to 4.2216% low before rebounding last half hour t0 4.2619% - early Friday lvl as FI continues to reassess rate hike expectations for year end after SF Fed Daly voiced concern over tightening monetary policy too much last Friday.
  • Yields curves bull flattening (2s10s -8.853 at -35.507) despite the strong support in short end: Dec 2Y futures +5 at 102-11.5, 5Y futures +19.5 at 106-24.75.
  • Short end 3M Eurodollar climbing as hike expectations for Dec move closer to 50bp than last week's 75bp pricing - Eurodollar White pack (EDZ2-EDU3) +0.035-0.070, Reds (EDZ3-EDU4) +0.095-0.125.
  • Risk appetite continues as stocks continue to gain: SPX emini +41.75 at 3850.75 - putting the index back to Sep 21 levels.
  • Softer than expected data contributing to today's moves:
    • US OCT PHILADELPHIA FED NONMFG INDEX -14.9
    • US AUG FHFA HPI SA -0.7% V -0.6% JUL; +11.9% Y/Y
    • S&P CoreLogic Case-Shiller 20-City Index Up 13.1% Y/Y; Est 14.0%
    • US OCT. CONSUMER CONFIDENCE AT 102.5; EST. 105.9
    • US Oct. Richmond Fed Factory Index at -10 -bbg (-5 expected, 0 prior)
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.