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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UniCredit don't expect further BTP-Bund spread widening

BTP

UniCredit think that we have hit (or at least are close to) the peak in BTP-Bund spreads: "Following yesterday's market reaction and the BTP auction's result, the chances that a further BTP-spread widening will occur appear slim in our view, although there is a risk that this could happen in the next few days, until it becomes clear that the solution to this crisis lies with the formation of a new government and not with new elections. In case pressure should arise, we expect it to be contained, with a further increase of 5/10bp in the 10Y BTP-Bund spread (to around 125/130bp) seen as a peak. This could present a good opportunity to extend exposure to BTPs at cheaper levels."

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