MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

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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Month End Flows And Offshore Dynamics Eyed

AUSSIE BONDS

YM unchanged, XM +4.5, with the latter lacking any real upside momentum through the SYCOM highs, despite reclaiming 99.00 (1.00% in implied yield terms). Worth re-flagging that ANZ have issued a fresh long recommendation for the contract at that level.

  • Offshore dynamics allowed the futures curve to flatten during SYCOM hours after Friday's heavy steepening.
  • Focus on large month-end rebalancing flows are at the fore, in the wake of last week's record sized ACGB syndication.
  • A$2.0bn worth of ACGB May '30 supply headlines the local docket today, with private sector credit and the latest round of GDP partials also slated. Offshore events, namely the latest round of official Chinese PMI data, will also be eyed.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets

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