MNI: PBOC Conducts Net CNY2 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0956 Tues; -4.88% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.0956 TUES VS 7.0947

MNI BRIEF: China Pork Prices Climb For 5th Straight Week

MNI EM China Daily Summary: Monday, April 8

Easter Timing Buoys March Food Retail Sales

MNI: UK BRC MAR BY VALUE SHOP SALES LFL +3.2% YY, TOTAL +3.5% YY

BOC Data Watch

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

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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Yld Curves Bend Steeper

US TSYS SUMMARY
Rates and equities looked to finish out the session weaker Friday, the latter slipping to lows for the week (ESU1 4320.75) before bouncing to appr 4328.0 after the rate close. Tsys weaker for the most part as well, off lows and back near early overnight levels, curves mildly steeper with short end outperforming. Light volume: TYU appr 900k after the bell.
  • Retail sales better than expected -- Tsy futures gapped lower immediately after June R/S came out 0.6% vs. -0.3% estimate -- but rebound to pre-release levels just as quickly as revisions factor in a "wash" w/May to -1.7% from -1.3%. Equities held onto modest gains until midmorning when better selling/positioning ahead weekend pushed levels back to last July 9 levels.
  • Aside from the early data -- pre-weekend position squaring appeared to be main driver, Fed goes into media blackout at midnight, maintaining radio silence in regards to monetary policy through July 29, day after next FOMC.
  • The 2-Yr yield is up 0.2bps at 0.2255%, 5-Yr is up 0.5bps at 0.7798%, 10-Yr is up 0.5bps at 1.3037%, and 30-Yr is up 1.3bps at 1.9335%.
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