MNI China Daily Summary: Wednesday, November 27

MNI: GERMANY GFK DECEMBER CONSUMER CLIMATE -23.3

MNI BRIEF: BOJ’s JGB Unrealised Loss Rises To JPY13.7 Tlrn

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI BRIEF: China Profits Fall In October Y/Y

MNI: US Q3 GDP +2.8%

MNI:US OCT DURABLE NEW ORDERS +0.2%; EX-TRANSPORTATION +0.1%

MNI: US JOBLESS CLAIMS -2K TO 213K IN NOV 23 WK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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Small unwind on the cash open

BUNDS
  • Some small unwind continuation in Bund and on the German curve.
  • Bund contract is better bid, and likely to see some RECeiving interest after the German 10yr yield tested the next initial target at -0.0704%, printing a -0.072% on Friday.
  • Further downside push in Bund, targets -0.05%, which today, would equate to 167.72.
  • German 5/30s is edging at the upper end of the range, albeit still at the flattest levels since 1st February.
  • That part of the curve has flattened an impressive 22.148bps just in October.
  • We have no real market moving data to start the week, German IFO is the notable release but unlikely to move the needle.
  • Notable speakers are ECB de Cos, and BoE Tenreyro.
  • Earning season continues for Europe and the US, including Amazon, Apple, Alphabet, Facebook , Microsoft, Spotify, Twitter, to name a few.
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