Low impact

A roundup of domestic and international news includes China's M2 money supply growing 7.2% y/y and M1 growing 3.2% y/y as of end-September, a planned 700 billion yuan PBOC reverse repo operation, and US September CPI at 3.7% y/y with core CPI at 2.6% y/y, alongside reports of a Houthi attack on Saudi Aramco's headquarters and a ship sinking after striking a mine in the Strait of Hormuz.

Jin1010/14, 10:26 PM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

USD
Pushes up
DaysMedium confidence
Elevated US CPI can keep the Fed cautious on rate cuts, supporting the dollar
US10Y
Pushes up
DaysMedium confidence
Sticky US inflation supports higher Treasury yields

What could change this

If the reverse repo mainly offsets maturing liquidity rather than adding net new funds, the CNY-easing effect may be smaller than implied.