Overnight Markets And News
The dollar index (DXY00 +0.09%)is up +0.07%. EUR/USD (^EURUSD -0.07%) is down -0.10%. USD/JPY (^USDJPY+0.35%) is up +0.35% at a 6-week high as safe-haven demand for the yen abates on reduced trade war concerns.
Jun 10-year T-note prices (ZNM18 -0-010) are unchanged.
China Mar new yuan loans rose +1.120 trillion yuan, weaker than expectations of +1.176 trillion yuan. Mar aggregate financing rose +1.33 trillion yuan, weaker than expectations of +1.80 trillion yuan.
The China Mar trade balance unexpectedly fell into a deficit of -$4.98 billion, weaker than expectations of a surplus of +$27.50 billion, the largest deficit in 13-months. Mar exports unexpectedly fell -2.7% y/y, weaker than expectations of +11.8% y/y and the biggest decline in 15 months. Mar imports rose +14.4% y/y, stronger than expectations of +12.0% y/y.
