MNI China Daily Summary: Monday, June 17

MNI BRIEF: China To Retaliate Against EU Pork Products

MNI BRIEF: China Consumption Can Continue Acceleration - NBS

MNI: PBOC Conducts CNY182 Bln Via 1Y MLF Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1149 Mon; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY4 BILLION VIA 7-DAY REVERSE REPOS MON

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

EZ/UK T-Bill Calendar: 6-Month ESM-Bill Auction on Tuesday

Empire Survey Shows Improving Manufacturing Optimism At End-Q2

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Treasuries Slip Sharply as Fed to Let SLR Expire as Planned

FED
  • US 10y futures fell sharply, slipping to new session lows of 131-01 as the Fed confirm that they are to let their SLR facility expire on March 31st as planned.
  • Confirmation of the expiry runs against some market expectations of a policy extension, prompting weakness in Treasuries and a move back above 1.70% in the 10y yield.
  • Much of the initial move has now been pared, with yields retreating back toward 1.70% after trading as high as 1.7387%.
  • The USD rallied as yields rose but - mimicking the price action in fixed income markets - have pared much of the initial spike higher.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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