MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

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

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Steeper As Month-End Support Evaporates

AUSSIE BONDS

The curve has run steeper in early Sydney trade, with some weakness seen in XM over the last hour or so, YM -0.5, with XM -2.5. Weakness could a result of month-end support evaporating, with talk doing the rounds re: crowded longs in the contract through 99.000. We have flagged interest in longs below the psychological level in recent sessions. Bills unchanged to -2 through the reds.

  • On the news flow side Sino-Aussie tensions continue to bubble, whether that be via Chinese probes into Australian wine exports, Huawei pulling back on sponsorship in Australian sport or the detainment of an Australian journalist in China. Still, these tensions are seemingly having little impact on Aussie financial markets.
  • The RBA decision headlines the local docket today (no change expected, see our preview for more detail). Elsewhere, building approvals, CoreLogic house prices and the latest round of GDP partials will hit on Tuesday. Manufacturing PMIs have been and gone, with no tangible impact.
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

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