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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.
CHINA RATES
10-Year CGB yields are ~4bp lower on the day, with desks noting that the general Chinese policy bias, rate cut expectations, expectations surrounding funding/liquidity conditions and well-documented economic headwinds quickly biased yields lower once again after Tuesday’s move higher.
- The benchmark is on target to lodge the largest one-day move lower (in bp terms) since December.
- Tuesday’s move higher represented the largest daily uptick in the CGB 10-Year yield (+5.6bp) since the zero COVID abolition-related move higher in November ’22, with policymaker/regulator support for the equity space dominating wider price action in Chinese assets on Tuesday.
Fig. 1: Chinese 10-Year Government Bond Yield (%)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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.
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