MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

Australia Jun Total Dwelling Approved -6.5%

MNI: AUSTRALIA MAY BUILDING APPROVALS -6.5% M/M, -3.7% Y/Y

MNI: AUSTRALIA JUN DWELLING APPROVALS -6.5% M/M

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

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

Sold off, led by US Treasuries

EGB SUMMARY

EGBs came under pressure this afternoon, but US treasury led.US saw continued large selling going through in the longer end Treasuries, with sellers in Ultras.

  • Tnotes have been sold in large volumes.
  • Longer end leads with 2s10s above 59.0bp,
  • No real or obvious catalyst behind the move lower, beside what was widely reported, with chance of a US stimulus and Trump possibly leaving hospital today.
  • Bund were dragged lower by the US, and the contract is down 34 ticks at the time of typing.
  • Peripheral have fared a little better and in turns, spread are tighter versus the German 10 this afternoon.
  • Best performer is Greece at 3.5bps tighter, while Portugal lags behind at 0.4bps
  • Looking ahead, we await for news from the White House and Trump.
  • Tweet: @steveholland""White House press pool en route Walter Reed"
BulletMarketsFixed Income BulletsForeign Exchange Bullets

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.