MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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UK DMO UPDATE: Bucket Changes and Short / Medium Auctions

UK DMO UPDATE

Bucket Changes:

  • The DMO is transferring GBP2.4bln from the unallocated portion of gilt issuance to the medium conventional bucket and GBP1.6bln to the linker syndication bucket. This reduces the unallocated bucket to GBP5.0bln.

Short Auctions

  • 3.75% Mar-27 gilt: One auction as expected: 23 October.
  • New 3-year gilt: Only one auction versus the two expected: 7 March 2028 maturity chosen (not a surprise): 13 November.
  • 4.125% Jul-29: 3 auctions as widely expected (some had expected two): 2 October, 29 October, 17 December.
  • 4.00% Oct-31 gilt: 1 auction in the short bucket, which is a bit of a surprise (although not totally unexpected) as it's also being reopened in the medium-bucket. Auctions on 16 October and 4 December.

Medium Auctions:

  • 4.25% Jul-34 gilt: 3 auctions as expected: 9 October, 5 November, 11 December.
  • 4.00% Oct-31 gilt: One auction in the medium bucket and one in the short (see above).
  • 3.75% Jan-38 gilt: One auction as expected: 19 November.
  • 0.875% Jul-33 green gilt: No reopening as expected: There were only isolated calls from both GEMMSs and one investors for this green gilt to be reopened in the quarter.
CEEMEABulletUKGlobalFixed Income BulletsRegionMarkets
CEEMEABulletUKGlobalFixed Income BulletsRegionMarkets

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