MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

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MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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STIR: No Movement In Fed Pricing On Data

STIR
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No net movement in Fed pricing on the 08:30 NY data.

  • Fed funds futures show 17bp of easing for next month, 22.5bp of cuts through January, 35.5bp of cuts through March, 54bp of cuts through June and 77bp of cuts through December ’25.
  • The 08:30 data (detailed elsewhere) did not provide enough conviction to drive a move ahead of the Thanksgiving holiday, with focus now moving to the MNI Chicago PMI and monthly PCE data suite.
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No net movement in Fed pricing on the 08:30 NY data.

  • Fed funds futures show 17bp of easing for next month, 22.5bp of cuts through January, 35.5bp of cuts through March, 54bp of cuts through June and 77bp of cuts through December ’25.
  • The 08:30 data (detailed elsewhere) did not provide enough conviction to drive a move ahead of the Thanksgiving holiday, with focus now moving to the MNI Chicago PMI and monthly PCE data suite.