MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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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Preview $17B 20Y Bond Auction

US TSYS/SUPPLY

Tsy futures holding gains, Bonds near highs ahead the $17B 20Y-Note auction (912810TH1) at the top of the hour. WI is currently running around 3.292%, appr 19.7bp cheap to last month's high yield. April recap:

    • Tsy futures gapped higher (30YY fell to 2.8874% low) after strong $16B 20Y note auction reopen (912810TF5) stopped through with 3.095% high yield vs. 3.120% WI; 2.80x bid-to-cover vs. last month's 2.72x.
    • Indirect take-up climbed to new high of 75.94% vs. 64.39% in March; direct bidder take-up fell to 15.32% vs. 26.03% prior, primary dealer take-up fell to 8.74% vs. 9.59%.
  • Timing: The 20Y note results will be available shortly after the competitive auctions closes at 1300ET.
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