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

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

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

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

Not too much to report in the way of...>

BOND SUMMARY
BOND SUMMARY: Not too much to report in the way of fresh news flow, apart from
renewed tensions on the Korean peninsula, but risk appetite has turned sour.
North Korea informed via its state media that it will cut communication channels
with the South. T-Notes have advanced past yesterday's peak. The contract trades
+0-07+ at 137-17 as we type. Curve has bull flattened in cash trade. Eurodollar
futures last trade -0.5 to +1.0 tick through the reds. Focus is on the FOMC
meeting, which is already underway and will wrap up on Wednesday.
- JGB futures are also well bid and last trade at 151.97, 32 ticks above
settlement. Cash yields have moved lower, with a degree of curve flattening
creeping in. Japan reported better than exp. earnings data and focus turns to
flash machine tool orders & 6-Month Bill supply.
- Australia is back from holidays, with YM +0.5 & XM +4.75 (near session highs).
Yield curve has bull flattened in cash trade. Bills last seen unch. to -1 tick
through the reds. Australian ANZ job ads rose 0.5% M/M in May after tumbling
53.4% in Apr, while NAB Business Confidence improved to -20 from -45. The AOFM
sold A$150mn of I/L ACGB 2.0% 21 Aug '35 & A$2.0bn of ACGB 0.25% 21 Nov '24.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

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.