MNI China Daily Summary: Monday, April 15

MNI: China CFETS Yuan Index Up 0.22% In Week of Apr 12

MNI: PBOC Sets Yuan Parity Higher At 7.0979 Mon; -4.90% Y/Y

MNI China Press Digest April 15: A-Shares, Exports, Property

MNI: PBOC Conducts CNY100 Bln MLF Mon; Rates Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: EUROZONE FEB IP +0.8% M/M, -6.4% Y/Y

IP M/M Improvement Broadbased Although Y/Y Remains Weak

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Under Pressure Early On

JGBS

JGB futures leak lower to start the weak, with Tsys on the defensive and Tokyo playing catch up after the elongated weekend. The contract deals -45 at typing 30 ticks off of last week’s base. A break through the 147.94 level would expose the June cycle lows.

  • Cash JGBs run 1-5bp cheaper across the curve, bear steepening, with 10-Year JGB yields back to the upper limit permitted under the BoJ’s YCC framework.
  • Eyes on the BoJ Rinban operations, due in just under an hour, with the potential for a further upsizing of purchases (to defend the Bank’s YCC settings) given the moves seen in core global FI markets over the last couple of sessions.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank of Japan (BOJ) Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBank of Japan (BOJ) Market NewsBulletMarketsFixed Income Bullets

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