MNI China Daily Summary: Wednesday, March 13

MNI BRIEF: China Macro Policy To Strengthen Investment Focus

MNI: PBOC Drains Net CNY7 Bln Via OMO Weds; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0930 Weds; -3.82% Y/Y

CHINA PBOC INJECTS CNY3 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.0930 WEDS VS 7.0963

IP Dragged Down By Ireland, But Broader Weakness Evident

MNI: EUROZONE JAN IP -3.2% M/M, -6.7% Y/Y

Not much to move the dial in UK activity data

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Post Holiday Activity Should Pick Up

US TSYS

T-Notes sit unchanged at 138-29 in early Asia-Pac trade, after holding a tight range on Monday even as U.S. equities surged, with that particularly rally led by the tech space. A reminder that cash Tsy markets were closed on Monday owing to the Columbus Day holiday, limiting broader participation in the space.

  • Futures markets dynamics since Friday's close point to the potential for a flatter cash re-open.
  • Worth flagging ~11.5K worth of the TYZ0 132.50 puts were bought on screen during Monday's session (trading at 0-01), which targets a move to ~1.50% for 10-Year yields, a blue wave hedge?
  • Broader headline flow and the aforementioned event risk out of China provide the points of interest in today's Asia-Pac session.
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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