CANADA DEC CPI +3.4% YOY VS FORECAST +3.4%, PRIOR +3.1%

MNI China Daily Summary: Tuesday, January 16

MNI: PBOC Injects Net CNY695 Bln Via OMO Tue; Rates Unchanged

MNI: GERMANY JAN ZEW CURRENT CONDITIONS -77.3

MNI: GERMANY ZEW JAN ECONOMIC EXPECTATIONS 15.2

Notable Dip In Inflation Expectations Over 1- and 3-Year Horizons

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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CANADA DEC CPI +3.4% YOY VS FORECAST +3.4%, PRIOR +3.1%

MNI China Daily Summary: Tuesday, January 16

MNI: PBOC Injects Net CNY695 Bln Via OMO Tue; Rates Unchanged

MNI: GERMANY JAN ZEW CURRENT CONDITIONS -77.3

MNI: GERMANY ZEW JAN ECONOMIC EXPECTATIONS 15.2

Notable Dip In Inflation Expectations Over 1- and 3-Year Horizons

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

/MBS: ### EXCLUSIVE: Treasuries late....>

US TSYS/10Y
US TSYS/10Y: /MBS: ### EXCLUSIVE: Treasuries late selloff Tue has traders
checking cash 10-yr note technical levels as key 2.40% yld level apparently
broken to upside on close. Tsys slid late on Fed Chr/Taylor speculation. Some
believe next big 10-yr level is 2.50% one, then 2.60%. But others in cash Tsys
say it's closer: 2.432% (98-13+/14/32). (Cash 10-yr note is at 2.421%.) 
- Meanwhile some say, "Let's see what Asian accounts do overnight here," hoping
that there might be some good bargain-hunting to stabilize the markets here.  
- A different trader said an important level is 2.49%, a pivotal area that
failed in mid-2015, and was pivotal earlier this year; another level was 2.62%,
old highs of 2017, which matched an old 2014 high yield. 
- MNI technical analysts said 2.437% was March 23rd 2017 high yield, and that a
rise in yield above would target the 2017 yield highs.
- Treasuries and MBS traders eyed levels on cash 10-yr note that may spur
MBS-tied hedging (either via Tsys sales, swaps paying, MBS sales). But it
depends: some say MBS hedge needs do not kick in until 2.60%, but others say
it's at 2.50%.

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