MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

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

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The Bund contract is being pushed.......>

EGB SUMMARY
EGB SUMMARY: The Bund contract is being pushed around but without much in the
way of justification as markets struggle with poor liquidity. The front end of
Germany is strong and assisted by a E13bln Schatz redemption today. Currently,
the 10Y yield is 1.4bp lower at 0.302%.
- Portuguese debt has been extremely strong at, at one point, the 10Y PGB yield
was below the BTP equivalent. Later this evening, Fitch will update its
Portuguese rating.
- Italy sold the maximum E2bln of the BTP 2039 in its exchange auction today.
- Greek spreads to Germany are another 6bp tighter today. 
- Reuters is reporting that German SDP leader, Schulz is recommending that his
party begin exploratory talks with the Conservatives.
- Donald Tusk also communicated that EU Leaders approved the second phase of
Brexit negotiations.
- The latest Catalan election survey published in El Mundo suggests that
separatists might lose their majority in the 21 Dec elections.
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