-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessYields Hover Around 12-Month Lows
After hitting fresh contract highs yesterday futures are lower today, yields also higher after declines in Monday's session. 10-Year future is down 7.5 ticks while 10-Year yield is up 0.8bps at 2.82%
The 10-Year yield fell to 2.8% on Monday, the lowest in over 12 months, as concerns over coronavirus cases combined with expectations of further easing measures from China. Bonds have gained for seven weeks in a row, the longest since the start of the US-China trade war in 2018.
- Meanwhile repo rates are slightly higher but within yesterday's ranges. The overnight repo rate is at 1.8167% while the 7-day repo rate is at 1.90%. The PBOC injected CNY 10bn, matching maturities with injections.
- Elsewhere China's financial authorities are expected to allow local governments to accelerate the sales of special bonds to back infrastructure projects and support economic growth from H2 to next year, the China Securities Journal reported citing analysts. Local governments may be able to use up the annual issuance quota of such bonds totaling CNY3.65 trillion, and this could deliver about CNY2.75 trillion yuan to infrastructure investment and add 3.9 pp in infra growth in 2021. With less than half of the annual quotas used in the first seven months, analysts expect new special bonds to peak in Q3, and continue with CNY1 trillion issued in Q4.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.