MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

Indeed Wages Tick Higher, But Future Revisions Are Likely

ITALY MAY INDUSTRIAL PRODUCTION +0.5% M/M ; -3.3% WDA Y/Y

Contrasting Momentum Dynamics Underscore Need For July Data

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

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

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

Some Light Pressure In Asia

US TSYS

An uptick in e-minis (after Thursday's late U.S. tax-related pressure) and some cheapening in the Aussie bond space applied some light pressure to U.S. Tsys overnight. T-Notes last print -0-01 at 132-16+, 0-02 off lows, operating on a modest ~65K lots. Cash Tsys have seen some bear steepening, with 30s cheapening by ~2.5bp.

  • Thursday saw T-Notes recover from worst levels of the day during the NY afternoon, with speculation surrounding the details of U.S. President Biden's tax plan heating up, weighing on the equity space. Still, Thursday's Asia-Pac highs (which represent a technical resistance area) were not retested. Some early NY chop around the latest ECB decision was also observed (although the event didn't provide much in the way of notable, fresh information). The cash curve ultimately flattened on Thursday, with 2s little changed and 30s trading the best part of 3.5bp richer come the closing bell.
  • The flash Eurozone PMI readings headline the broader docket on Friday, with the U.S. equivalents and new home sales data also due to be released on Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income 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.