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

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The Bund contract opened up exactly.....>

EGB SUMMARY
EGB SUMMARY: The Bund contract opened up exactly unchanged at 161.68 but never
re-attained that level as a slow move lower took hold. That movement lower was
added to when the French Markit PMI data data were released, which handily beat
expectations and rose to a new high of 57.5 for the composite.
- The overnight session had been a very quiet affair with little movement in
Treasury or equity markets.
- Once again, peripheral markets are outperforming the core. We have received
many research reports talking of a dovish taper on Thursday that also recommend
carry trades. Over the past few days we have picked up a number of trades
heading mostly toward the BTP market.
- Late yesterday, Italy announced that it would issue a new CTZ Oct-19 at its
auction on Thursday, alongside its 10Y BTPei May-28.
- The very large French redemption and coupon payment takes place tomorrow
although statistically-speaking this event tends not to compress German-French
spreads. 
- There is no supply today and the calendar will be dominated by PMI releases.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

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