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Test 003, Please Ignore

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Test, Please Ignore

EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

     BEIJING (MNI) - Highlights from China press for Tuesday, January 16:
     China will maintain financial deleveraging and purchase curbs for the
property market to help promote quality growth and control financial risks, said
Economic Information Daily. 
- Fewer mortgages will be provided and mortgage rates are expected to increase
at a slow pace: daily cites experts; 
- Some banks report bigger mortgage quotas, faster pace of approval than last
year, with varying paces of approvals;
*** TAKE AWAY: Housing market remains under tight controls, but some banks are
relaxing mortgage approvals.
     PBOC will maintain a prudent and neutral monetary policy, People's Daily
said citing Ruan Jianhong, head of central bank's statistics and analysis
bureau. 
- M2 growth lower than before will become a "new normal": Ruan 
- Slower M2 data seen from release last week means banks' money are used more in
line with official guidance: Ruan 
*** TAKE AWAY: PBOC accepts slower M2 growth as normal.
     China's money market rates will likely rise given stricter regulations
applied to the bond market: China Securities Journal. 
- Regulators issued 10 sets of rules and draft acts seeking feedback in less
than half a month: journal 
- More policies push up bond yield: 10-year China Development Bank bonds may
rise to 5% (currently just over 4%): journal cited analysts 
- 10-year CDB bond yield may rise to 5.3%; 10-year treasury bond yield may reach
4.3%: newspaper cited an analyst.
*** TAKE AWAY: More bond market regulations seen pushing up yields.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MBQ$$$]