MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

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

EZ/UK Bond Supply Calendar: Italy, UK Auction on Thursday

US Treasury Auction Calendar

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Yellen: If Iran Returns To Compliance On Nuclear Deal Sanctions Could Lift

US

Speaking virtually to the House Committee on Appropriations, Treasury Secretary Janet Yellen speaks on a number of international issues.

  • Link: https://www.youtube.com/watch?v=rSyOgOw7M-A
  • On Russia: Treasury Dep't is "firmly committed to using the full breadth of treasury authorities" to target Russian malign activities.
  • On Hamas: Treasury wants to "make sure it's harder for Hamas to evade sanctions''
  • On Iran: says that the administration is working on getting Iran back into compliance with the JCPoA, and that if it does so, the Treasury Dep't will look at easing sanctions.
  • On sanctions generally: "Treasury believes in the warranted, strategic and judicious use of sanctions. We see them as a very powerful tool to discourage malign actors, promote accountability and propel positive changes of behavior in foreign enemies and adversaries."
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