MNI BRIEF: PBOC To Borrow CGBs In Response To Market Situation

MNI BRIEF: Caixin June Manufacturing PMI Hits Three-year High

MNI BRIEF: Japan Q1 GDP Revised Lower On Public Investment

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1265 Mon; -0.32% Y/Y

Spain Manufacturing PMI June 52.3 (52.9 F'cast, 54.0 May)

Daily Average Exports Hold Close To Recent Highs, Trade Surplus Firms

MNI BRIEF: Business Inflation Expectations Solid - BOJ Tankan

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

Seasonal Slow-down In Feb Supply Under Question

CREDIT MACRO

Barclays adding to growing number of analysts pointing to cash in money market funds as support for inflows to continue; "See money-market dry powder still significant that could feed into riskier assets as economic growth recovers and rate cuts likely begin in earnest in 2H" (bbg). $IG ETF's saw outflows pick up pace yesterday (inflows have been ETF driven in $ thus far) & Feb may not necessarily be a supply slow down (e.g. gross 2023 supply only fell ~$20b to $192b) though over the last decade we have on avg. seen a slow down in €IG/$IG that's normally reversed in full in March. Uncertainty remains if attractive spreads & strong investor demand (particularly in $ markets) brings that seasonal supply forward to February.

Credit BulletsBulletHomepagemarkets-real-timeCredit
Credit BulletsBulletHomepagemarkets-real-timeCredit

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.