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MNI China Daily Summary: Wednesday, August 30

MNI BRIEF: China Will Resolve Foreign Firm Concerns - CCPIT

MNI BRIEF: Japan Aug Consumer Index Fall First In Nine Months

MNI: US Q2 GDP +2.1%

Germany Aug Flash CPI 6.1% Y/Y (6.2% prior), 0.3% M/M (0.3% prior)

MNI: GERMANY AUG CPI +0.3% M/M, +6.1% Y/Y

MNI BRIEF: China Will Look To Belt & Road Amid Trade Tensions

MNI BRIEF: BOC Staff Paper Sees Few Signs Of 'Greedflation'

MNI BRIEF: Canada Raises Bank Capital Buffer On Housing Risk

VIEW: J.P.Morgan "take a look at the...>

AUSSIE BONDS
- Bonds & Currency News | Market News" >
AUSSIE BONDS: VIEW: J.P.Morgan "take a look at the AUD 3s/s10s par curve. Over a
longer term horizon, we note that the curve has broken a key trendline this
year. This biases us towards a steeper curve over the medium term. But near
term, our model suggests that the curve is a little steep to fair value (around
one standard deviation). We would look to fade any further steepening to the
+75bp level; this would represent a two-sigma deviation assuming no material
change in fair value. Moreover, our colleagues in USD and EUR rates strategy see
fundamental reasons for steeper curves in US and European rates markets; and
while the beta of moves in the AUD 3s/10s curve to global curves is around 0.3,
we note that flatteners appear to be the more widely subscribed position
locally."
- Bonds & Currency News | Market News" >
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income News
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income News

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