MNI China Daily Summary: Wednesday, November 27

MNI: GERMANY GFK DECEMBER CONSUMER CLIMATE -23.3

MNI BRIEF: BOJ’s JGB Unrealised Loss Rises To JPY13.7 Tlrn

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI BRIEF: China Profits Fall In October Y/Y

MNI: FRANCE NOV CONSUMER SENTIMENT 90

RBNZ SEES RISK OF MID-TERM INFLATION VOLATILITY

MNI: RBNZ CUTS OCR 50BP TO 4.25%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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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.
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