MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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US TSYS: Slightly Richer To Start The Week

US TSYS
USBulletMarketsFixed Income BulletsNorth America

TYH5 is trading at 111-13, +0-02+ from NY closing levels. 

  • According to MNI’s technical team, a bull cycle in TY remains in play and Friday’s gains reinforced current bullish conditions. The contract has traded through resistance at the 50-day EMA, at 111-12. A clear break of this average would strengthen a bullish theme and signal scope for a stronger recovery. Sights are on 111-24 next, a Fibonacci retracement. For bears, a reversal lower would highlight the end of the bull cycle and open the key support at 109-02+, the Nov 15 low.   
  • Cash bonds are flat to 1bp richer in today’s Asia-Pac session after Friday’s modest post-payrolls gains.
  • The focus is this week's CPI and PPI inflation data on Wednesday and Thursday respectively.
  • As a reminder, the Federal Reserve entered its self-imposed blackout at midnight Friday through December 19.
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TYH5 is trading at 111-13, +0-02+ from NY closing levels. 

  • According to MNI’s technical team, a bull cycle in TY remains in play and Friday’s gains reinforced current bullish conditions. The contract has traded through resistance at the 50-day EMA, at 111-12. A clear break of this average would strengthen a bullish theme and signal scope for a stronger recovery. Sights are on 111-24 next, a Fibonacci retracement. For bears, a reversal lower would highlight the end of the bull cycle and open the key support at 109-02+, the Nov 15 low.   
  • Cash bonds are flat to 1bp richer in today’s Asia-Pac session after Friday’s modest post-payrolls gains.
  • The focus is this week's CPI and PPI inflation data on Wednesday and Thursday respectively.
  • As a reminder, the Federal Reserve entered its self-imposed blackout at midnight Friday through December 19.