MNI BRIEF: Industrial, Service Rebound Buoys China's Q1 GDP

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

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

MNI: PBOC Sets Yuan Parity Higher At 7.1028 Tues; -5.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1028 TUES VS 7.0979

MNI China Daily Summary: Monday, April 15

GBPUSD possible reversal if STIR markets see more rate cut expectations

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Private sector regular wage growth higher than consensus expectation

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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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Wells Fargo strategists think "Fed...>

US TSYS/STOCKS
US TSYS/STOCKS: Wells Fargo strategists think "Fed balance sheet cuts and rate
hikes will cause intermediate curves to flatten while the long end may bear
steepen if U.S. fiscal standing deteriorates significantly." They add "patient
(investor) mandates looking to boost carry and rolldown should focus on the
3.5-4.5y bucket with 35-40 bps total carry/rolldown over 6 months. The 6-7y
sector looks good on a total return basis and shld continue to enjoy steady
sponsorship globally."
- They said "in the short duration sector, relative value has improved in the
2.5y bucket, especially for the old 3y series. We recommend monetizing fully
valued issues in the 1.5y sector."
* "In intermediates, relative value and carry favor old 5y issues with Jan-2021
through Apr-2022 maturities," they said. "Asset-swapping Tsys in 6-7y bucket
creates attractive positive carry positions with less duration risk and could
benefit from swap spread "dis-inversion." Long-end curves are still awaiting
resolution of several critical issues, such as potential tax reform, the next
Fed chr, and any changes to the size and composition of Tsy borrowing."

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