MNI BRIEF: China Q2 GDP Impacted By Bad Weather - NBS

MNI China Press Digest July 15: Consumption, Exports, FDI

MNI: PBOC Conducts CNY100 Bln Via 1Y MLF; Rates Unchanged

CHINA PBOC CONDUCTS CNY129 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1313 Mon; -1.35% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1313 MON VS 7.1315

Asia Sovs Little Changed, Local FX Lower, ID Trade Surplus Narrows

Q2 GDP Below Expectations, Consumer Side Still Appears Soft

CHINA JUN INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.0% Y/Y: NBS

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

Rates Back Near Lows Despite Weaker ISMs

US TSYS
  • Treasury futures finishing the shortened pre-holiday session at/near lows, accounts scaling back support despite early session data showed disinflationary signs.
  • Treasury futures extend highs slightly after S&P Global US Manufacturing PMI comes out as expected at 46.3, not a large reaction.
  • Treasury futures extended highs after June ISM Manufacturing falls to 46.0 vs. 46.9 est (47.2 prior) the lowest since May 2020. Prices paid at 41.8 lower than exp 44.2, ISM Employment at 48.1 lower than expected 51.4. Meanwhile, Construction Spending MoM lower than expected at +0.9% vs. 1.2% est.
  • Front month 10Y futures marked 112-17.5 high (+9) before falling back to111-29.5 after the early close. Initial technical resistance at 112-21 Jun 22 low, 113-18 June 15 High key resistance.
  • Later in the week, FOMC minutes for the June meeting are released at 1400ET Wednesday, while the latest employment data is released this Friday at 0830ET, current mean est at 225k vs. 339k prior.
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.