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 BOE JUN MORTGAGE APPROVALS 59,976

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

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

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

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Trading has been choppy and.........>

US TSYS SUMMARY
US TSYS SUMMARY: Trading has been choppy and ultimately directionless in the
European morning, ahead of the European Central Bank decision and US jobs data
today/tomorrow. This after we saw dip buyers early in Asia-Pac.
- Sep 10-Yr futures (TY) up 3.5/32 at 138-9.5 (L: 138-06 / H: 138-12).
- 10-Yr yields continue to respect the recent range, in from Wed 0.769% high.
- The 2-Yr yield is down 0.2bps at 0.1881%, 5-Yr is down 0.2bps at 0.3639%,
10-Yr is down 0.2bps at 0.7442%, and 30-Yr is up 0.3bps at 1.5339%.
- Attention initially will be on the ECB decision at 0745ET (analyst expect
EUR500bln top-up of PEPP program), then the Lagarde presser at 0830ET.
- Concurrent with the beginning of the latter, jobless claims at 0830ET (+1.8mln
expected initial, +20.0mln continuing), alongside Apr Trade Balance. Should also
note that Challenger job cuts for May may be eyed at 0730ET.
- $150bln in 4 and 8 week bill sales; Treasury supply announcement covering 3-,
10- & 30Yr Sales next week too. And today, NYFed buys $4.5bln in Tsys/TIPS.
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