MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Richer With Global Bonds, Quiet Day For News and Data Flow

ASIA RATES

On a day marked by relatively subdued news and data flow, Asian government bonds are experiencing gains. This trend aligns with the broader strengthening observed in global bond markets over the past 24 hours.

  • US tsys exhibited strong performance overnight, a trend that has carried over into today's Asia-Pacific session. Cash US tsy yields are 1-2bps lower across benchmarks today, following yesterday's 5-9bps richening.
  • China Government Bonds are dealing 1-2bps richer across the curve.
  • China should use coordinated policy incentives, including proactive fiscal and prudent monetary policies along with sound employment and industrial support to bolster its economic recovery, according to a commentary published by the official Economic Daily.
  • The South Korean Sovereign Bonds are also richer by 3-6bps, with the 1-year underperforming. Spot USD/KRW is back to 1373, as the rebound continues.
  • Long USD positions may be undergoing trimming following the recent increase in verbal FX rhetoric. Additionally, local equities are showing significant gains, contrary to the negative cues from US markets.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.