MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

Japan Jun Core CPI +2.6% Y/Y; Energy Price Up

MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

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

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

Slightly On Back Foot With Key Data Ahead

BONDS

Global core FI is on the back foot early Thursday, with Bunds underperforming ahead of a significant set of data points to end the week.

  • The weaker tone has come against a backdrop of equities bouncing slightly from Wednesday's lows.
  • Implied ECB hikes have ticked a little higher, but German short-end weakness (and bear flattening) has proved short-lived.
  • Overall price action has been fairly limited, with key Euro CPI data awaited Friday, as well as month-end.
  • Today's US data includes jobless claims, and the first read of Q1 GDP. Later, we get pending home sales and KC Fed manufacturing.
  • Today also sees the last Treasury coupon auction before next week's quarterly refunding announcement, with $35B in 7Y Note for sale.

Latest levels:

  • Jun US 10Y futures (TY) down 6.5/32 at 115-11 (L: 115-6.5 / H: 115-17.5)
  • Jun Bund futures (RX) down 43 ticks at 134.56 (L: 134.19 / H: 134.87)
  • Jun Gilt futures (G) down 27 ticks at 101.33 (L: 101.05 / H: 101.44)
  • Italy / German 10-Yr spread 0.6bps wider at 188.1bps
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.