MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Shrugging Off Big ADP Employment Data Miss

US TSY FUTURES

Tsy futures headed back toward late overnight lows after bouncing in the lead-up to Dec ADP data: Huge miss: -123k bs. +75k est (+307k in Nov). Very heavy volumes as yield curves bear steepen to 4+ year highs, 10YY +1% (+.0638 to 1.0187%), 30YY nearing 1.8% (+.0823 at 1.7904%).

  • 3M10Y +6.376, 93.245 (L: 85.7 / H: 94.507)
  • 2Y10Y +5.419, 88.575 (L: 82.017 / H: 89.696)
  • 2Y30Y +7.371, 165.679 (L: 156.679 / H: 166.256)
  • 5Y30Y +4.511, 137.503 (L: 131.957 / H: 137.989)
  • Current futures levels:
  • Mar 2Y down 0.875/32 at 110-14.375 (L: 110-14.25 / H: 110-15.375)
  • Mar 5Y down 6/32 at 125-28.5 (L: 125-26 / H: 126-04)
  • Mar 10Y down 15.5/32 at 137-11.5 (L: 137-06 / H: 137-29.5)
  • Mar 30Y down 53/32 at 170-11 (L: 170-03 / H: 172-10)
  • Mar Ultra 30Y down 110/32 at 207-21 (L: 207-10 / H: 211-23)
BulletMarketsFixed Income Bullets
BulletMarketsFixed Income Bullets

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