MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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

Mild Bear Flattening Amidst Low Volumes

US TSYS
  • Cash Treasuries see a mild sell-off after mixed signals from China overnight with Shanghai restarting its re-opening process and PBOC support for the property sector but also softer than expected data.
  • The broadly parallel moves in the curve compared to recent shifts leave 2s10s towards the lower end of last week’s wide range at 33bps.
  • 2YY +1.7bps at 2.595%, 5YY +1.4bps at 2.879%, 10YY +0.7bps at 2.926% and 30YY +1.2bps at 3.091%.
  • TYM2 sits 2+ ticks higher at 119-08 on low volumes. The primary downtrend in Treasuries remains intact, however, a corrective (bullish) cycle established last week remains in play, suggesting potential for short-term gains. Support is eyed at 118-03+ (May 11 low post-CPI) whilst resistance is seen at 120-01 (Apr 28 high).
  • Light docket (Empire Mfg and TIC Flows) puts additional focus on NY Fed Williams's discussion with the MBA at 0855ET (no text)
  • Bill issuance: US Tsy $45B 13W, $42B 26W bill auctions (1130ET)
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.