PBOC injects CNY 66.5bn via MLFs today

PBOC injects CNY 66.5bn via 6 months and CNY 392.6bn via 12 month Medium-term Lending Facility (MLF) today.

The Chinese central bank did not make injections via Open Market Operations (OMOs) today.

May 12, 2017

Gold Intermarket: 2-year treasury yield remains in the driver’s seat

Gold has been closely following the action in the 2-yr treasury from mid April, suggesting the markets have been pricing-in a June Fed rate hike post

US 2-yr T-yield snaps 6-day winning streak

The yield on the 2-year Treasury note ended the six-day winning streak on Thursday as the losses in the equity markets overshadowed the strong produce