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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.
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Free AccessRepo Rates Creep Higher
The PBOC drained CNY 20bn from the financial system again, a total of CNY 80bn from the CNY 100bn injected heading into month-end. Repo rates have crept higher for the second session but are still well below recent highs. Higher repo rates has put pressure on the cash space, yields higher across the curve with some steepening seen. There were reports that foreign investors bought CNY 13.39bn of Chinese government bonds in June, the second month of lower purchases. Local government bonds through saw net purchases of CNY 730m, the biggest purchase on record.
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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.