MNI China Daily Summary: Thursday, July 4

MNI BRIEF: China Has Four Months To Negotiate EU EV Agreement

RPT-MNI INTERVIEW: ISM Choppiness Not A Clear Signal For Worry

MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

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

DMP survey increases probability of August cut

MNI: UK JUNE CONSTRUCTION PMI 52.2 (FCST: 54.0); MAY 54.7

MNI: EUROZONE JUNE CONSTRUCTION PMI 41.8; MAY 42.9

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

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

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

Preview $16B 20Y Bond Auction Re-Open

US TSYS/SUPPLY

Tsy futures holding modest gains, upper half of session range ahead the $16B 20Y-Note auction re-open (912810TF5) at the top of the hour. WI is currently running around 2.710%, appr 31.4bp cheap to last month's high yield. February recap:

  • Tsy futures held modest gains after $19B 20Y note auction (912810TF5) came in on the screw: 2.396% high yield vs. 2.396% WI; 2.44x bid-to-cover vs. Jan's 2.48x.
    • Indirect take-up receded to 62.981% vs. year+ high of 66.22% in Jan; direct bidder take-up surged to new high 20.98% (17.03% in Jan and Dec'21 year high of 20.83%) while primary dealer take-up slipped to 16.11% vs. 16.75% prior.
  • Timing: The 20Y note re-open results will be available shortly after the competitive auctions closes at 1300ET.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

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.