MNI China Daily Summary: Tuesday, December 31

MNI China Press Digest Dec 31: PBOC, Panda Bonds, EVs

MNI: PBOC Net Injects CNY93.6 Bln via OMO Tues

CHINA DEC MANUFACTURING PMI 50.1 VS 50.3 IN NOV

MNI: PBOC Sets Yuan Parity Lower At 7.1884 Tues; -2.65% Y/Y

MNI: China CFETS Yuan Index Down 0.13% In Week of Dec 27

MNI:US OCT FHFA HPI SA +0.4% V +0.7% SEP; +4.5% Y/Y

MNI: US REDBOOK: DEC STORE SALES +5.5% V YR AGO MO

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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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US TSYS: Yields Lower Across the Curve in Asian Trading. 

US TSYS
USBulletMarketsFixed Income BulletsNorth America
  • US10YR Dec24 future opened at 110-23, and traded up at 110-25 where it settled in the afternoon.
  • Cash Bonds are 1.5bp- 2.5bp lower across the curve with intermediate maturities outperforming.
  • T4.25 ’26 at 4.217% (-1.5bp), T4.125 ’29 at 4.114% (-2.5bp) and T4.125% ’34 at 4.24% (-2.5bp).
  • There was little change in Fed Funds implied rates today, showing 16bp of cuts for Dec before a cumulative 22bp for Jan, 35bp for Mar and 52bp for June.
  • There is no key data out in the US tonight before starting the week with Manufacturing PMI and ISM data.   
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  • US10YR Dec24 future opened at 110-23, and traded up at 110-25 where it settled in the afternoon.
  • Cash Bonds are 1.5bp- 2.5bp lower across the curve with intermediate maturities outperforming.
  • T4.25 ’26 at 4.217% (-1.5bp), T4.125 ’29 at 4.114% (-2.5bp) and T4.125% ’34 at 4.24% (-2.5bp).
  • There was little change in Fed Funds implied rates today, showing 16bp of cuts for Dec before a cumulative 22bp for Jan, 35bp for Mar and 52bp for June.
  • There is no key data out in the US tonight before starting the week with Manufacturing PMI and ISM data.