MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

Australia Jun Total Dwelling Approved -6.5%

MNI: AUSTRALIA MAY BUILDING APPROVALS -6.5% M/M, -3.7% Y/Y

MNI: AUSTRALIA JUN DWELLING APPROVALS -6.5% M/M

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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With the biggest chunk of supply out....>

EGB SUMMARY
EGB SUMMARY: With the biggest chunk of supply out of the way, the Bund market is
responding strongly to a modest supply and minimal European data calendar
leading into the ECB meeting in two weeks time.
- The Bund yield is 2bp lower this morning and there is a small flattening of
the yield curve. 
- Peripheral debt is strong and each of the 10Y spreads to Germany in Spain,
Italy and Portugal is 1bp tighter today. Only the Dutch market is lagging the
performance of Germany. A new Dutch government is threatening some medium term
changes to the pension system that might reduce the required duration of pension
assets.
- Italy is set to auction BTPs this morning, with the highlight being the new 3Y
BTP.
- The IMF/World Bank meeting continues today. Draghi takes part in a panel
discussion alongside Brainard at 1430GMT and will be the highlight although
these events are surrounded by journalists looking to get some comments from the
sidelines.
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