CHINA PBOC CONDUCTS CNY149.1 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1325 TUES VS 7.1415

MNI BRIEF: China’s Aug Loan Prime Rate Unchanged

MNI China Daily Summary: Monday, Aug 19

MNI: PBOC Net Drains CNY22.4 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1415 Mon; +1.99% Y/Y

Headline Consumer Sentiment Softens, House Price Expectations Rise Further

EZ/UK Bond Supply Calendar: Finland Syndi; Green Bunds Due Tues

CBRT Data Watch

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

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

Risk On Helps Push Treasuries Lower

US TSYS
  • Cash Tsys have moved lower this morning with broad risk-on moves whilst seeing a muted version of the move in European sovereigns as the ECB nearing anti-fragmentation tools is perceived to allow larger rate hikes. There has however been surprisingly little impact on the longer end of the curve, despite both German and French consumer confidence sliding further.
  • 2YY +1.8bps at 3.124%, 5YY +3.8bps at 3.293%, 10YY +3.8bps at 3.238% and 30YY +3.4bps at 3.346%.
  • TYU2 trades 10 ticks lower at 116-16 as it shifts towards the lower end of last week’s wide range on broadly average volumes. The underlying trend remains bullish, but the recent retracement has opened support at 115-20 (Jun 17 low).
  • Data: Multiple second tier releases including wholesale inventories, Conference Board consumer confidence, house prices, advanced trade and the Richmond Fed manufacturing index.
  • Fedspeak: Daly (’24 voter) gives LinkedIn interview at 1230ET.
  • Bond issuance: US Tsy $40B 7Y Note auction (91282VEV9) 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.