MNI BRIEF: China To Step Up Macroeconomic Policies - Politburo

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: SPAIN JUL FLASH HICP -0.7% M/M, +2.9% Y/Y

MNI: SPAIN Q2 FLASH GDP +0.8% Q/Q, +2.9% Y/Y

MNI: SWISS KOF JUL ECONOMIC BAROMETER 101

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

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

Stimulus Door Ajar?

US TSYS SUMMARY

Tsys weaker across the curve after the bell, just off yesterday's lows before gapping higher in late trade on after Trump ended systemic stimulus negotiations late Tuesday. Discussions to add stimulus over piecemeal basis helps boost risk-on tone overnight and through mid-week session.

  • No strong react to Sep FOMC minutes, Fed refrained from offering even stronger forward guidance, while guidance is not unconditional.
  • Tsys inched off lows past midday but reversed course after the 10Y R/O auction tailed -- seventh in a row for 10Y supply: US Tsy $35B 10Y note R/O auction (91282CAE1) awarded 0.765% rate (0.704% last month) vs. 0.762% WI; 2.47 bid/cover (2.30 previous). Indirects drew 62.90% vs. 58.30%, directs 14.20% vs. 14.60%, and dealers with 22.90% vs. 27.10% prior.
  • Decent over all volumes, TYZ>1.1M, while trade felt more subdued ahead Wed night VP debate between Pence/Harris.
  • The 2-Yr yield is up 1bps at 0.1567%, 5-Yr is up 3.7bps at 0.3482%, 10-Yr is up 5.8bps at 0.7935%, and 30-Yr is up 6.4bps at 1.6008%.
BulletMarketsFixed Income Bullets
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.