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US TSY FUTURES

Extending Highs Ahead Data

SOY TECHS

(X1) Bearish Focus

US TSY OPTIONS

Sep 10Y Puts

COPPER TECHS

(U1) Gains Considered Corrective

US TSYS

Repo Reference Rates

FED

Former NY Fed Dudley

CHINA PRESS
CHINA PRESS: The 1% reserve requirement ratio (RRR) cut that will take effect on
Monday may not have as direct an impact on liquidity as the media reports,
reported the newspaper The Paper, citing the China International Capital
Corporation (CICC).
  - The actual impact of the RRR cut will also depend on the size of the
liquidity injected by the PBOC's open market operations (OMO) in the future,
CICC said, considering that the current balance of OMOs is as high as CNY9.26
trillion, of which more than CNY600 billion will be matured in October.
  - There will be CNY451.5 billion in medium-term loan facilities (MLF) and
another CNY150 billion of treasury deposits maturing this week, with no reverse
repos expiring. Thus, in addition to the replacement of MLF, the RRR cut will
release incremental funds of another CNY750 billion, the newspaper said, citing
Wind Information.