MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: Japan June Tokyo Core CPI Rises 2.1% Vs. May 1.9%

Japan May Ind. Output 2.8% M/M; Shipments +3.5% M/M

MNI BRIEF:Japan May Factory Output Hits First Rise in 2 Months

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

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

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Pressured On Wednesday

US TSYS

TYZ3 deals at 107-23+, +0-05, a touch above late NY levels.

  • Cash Tsys finished 4-8bps cheaper across the major benchmarks, light bear flattening was apparent.
  • Pressure was seen after the latest Durable Goods data was stronger than forecast, however there was a strong downward revision to the July number.
  • Minneapolis Fed President Kashkari said that if inflation persists the Fed may have to hold rates steady through 2024, the latest dot plot showed rate cuts in 2024.
  • WTI extended recent gains, rising ~3.5%, as inventories fell to the lowest since July 2022.
  • There is a thin docket in Asia today, further out we have Initial Jobless Claims and 3rd read of GDP. Fedspeak from Chair Poweel and Chicago Fed President Goolsbee is due. We also have the latest 7-Year Supply.
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