MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

CHINA PBOC CONDUCTS CNY270 BILLION VIA 7-DAY REVERSE REPOS WED

MNI: PBOC Sets Yuan Parity Lower At 7.1318 Wed; -1.32% Y/Y

Foreigners Buy CAD20.9B of Canada Securities In May Led By Debt

MNI: US JUN HOUSING STARTS 1.353M; PERMITS 1.446M

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +20.9B CAD IN MAY

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

There has been a flurry of Brexit......>

GILT SUMMARY
GILT SUMMARY: There has been a flurry of Brexit related headlines this morning
which has stoked volatility in gilts. Earlier in the day both the UK and EU
indicated that there was a determination to replace and Irish backstop and
pursue a free trade area. An EU official subsequently stated that issues
surrounding fisheries and Gibraltar remain to be solved. 
- Gilts sold off earlier in the morning, but have since pared back some losses.
The benchmark 2-year gilt yield trades at 0.751% off a high of 0.769% and
currently near the middle of the day's range. Similarly, the 10-year yield
surged to a peak of 1.483% and subsequently fell back to 1.4199%.
- The curve has steepened since 1000BST with the 2s10s spread trading up to
65.8bps from a low of 64.4bps.
- The Dec gilt future trades at 122.7bps off a morning low of 122.6bps.
- Inflation breakevens have edged down with the 5-year benchmark trading at
3.124% down from a high of 3.160%.
- The short sterling futures strip is broadly down 2.0-3.0 ticks.
MarketsFixed Income Bullets
MarketsFixed 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.