MNI BRIEF: New Powers For UK Fiscal Body As Spending Overshot

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

EZ/UK T-Bill Calendar: Belgium Nov 7, 2024 Short TC Due Tuesday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Tuesday

BoE Data Watch

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

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

Tight Ranges

BOND SUMMARY

News flow has been relatively light this morning, revolved around production issues for the J&J Covid-19 jab at one plant. T-Notes have been happy to hug a tight range and last trade +0-01+ at 130-31+. Cash Tsy yields sit -0.5bp to +0.3bp, some very light twist steepening has crept in. Eurodollar futures trade unch. to +0.5 tick through the reds.

  • JGB futures have round tripped from the session high of 150.96 and now trade at 150.90, -26 ticks vs. Wednesday's settlement. Cash JGB yields trade higher across the curve, with 10s underperforming ahead of today's 10-Year JGB supply. The main Large M'fing Index in the BoJ's latest Tankan Survey improved more than expected, returning to pre-pandemic level.
  • Australian YM sits -0.5 tick & XM -2.5 as we type. Cash ACGB curve runs steeper, with yields last seen -0.6bp to +2.2bp. Bills trade unch. to -1 tick through the reds. The RBA offered to buy A$2.0bn of ACGBs with maturities of Nov '28 to May '32, excluding Nov '31. On the data front, local retail sales fell less than forecast M/M, while trade surplus shrank more than expected.
BulletMarketsFixed Income Bullets
BulletMarketsFixed 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.