MNI China Daily Summary: Thursday, June 13

MNI BRIEF: China Ready To Safeguard Interests After EU Tariffs

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

MNI: PBOC Sets Yuan Parity Lower At 7.1122 Thurs; -1.79% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1122 THURS VS 7.1133

BoJ Data Watch

Fed Data Watch

Industrial Production Disappoints With Weakness Driven by Ireland and Italy

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

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

Off Best Levels As NY Settles In

BONDS

U.S. participants seem happy to sell into this morning’s European- & UK-driven PMI bid in bonds, as core global FI markets pull away from best levels.

  • Hedging around the pricing of the Finnish & EFSF syndications may have provided a little bit of downside impetus.
  • Gilts remain the comfortable outperformer, albeit off best levels on the move in core global FI and with BoE pricing edging off dovish session extremes. UK cash benchmarks run 8-14bp richer on the day, with the front end still leading owing to the PMI-driven shift in BoE pricing.
  • German cash benchmarks are 6-8bp richer with the belly to intermediates leading. Once again, the space is off best levels with ECB-dated OIS moving back from dovish session extremes.
  • Cash Tsys run 3-5bp richer, with the belly leading there.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBulletMarketsFixed 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.