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GOLD

Away From Thursday's Lows

JGBS

Early Dynamic Prevails

JGBS AUCTION

Japanese MOF sells Y4.0730tn 3-Month Bills:

FOREX

Evergrande Jitters Dampen Risk Recovery

US TSYS

2-Way Flow Observed

IDR

Rupiah Continues To Tread Water

BONDS
BONDS: A quick dive into the details of the Japanese current account data for
the month of July reveals that purchases of Italian BTPs moderated (to Y22.1bn)
during the month after June's bumper purchases (Y278.8bn, the largest amount
seen since at least 2005).
- Elsewhere, Japanese investors lodged their largest round of monthly Tsy
purchases since July 2016 (Y2.4721tn) building on the purchases seen in June
(Y939.9bn).
- Japanese investors also lodged a second, albeit modest, consecutive month of
Australian sovereign bond purchases, after shedding Aussie paper for 7
consecutive months up until May of this year.
- Purchases of French OATs were healthy, for a second consecutive month, taking
the total purchases over June and July to Y1.0799tn after Japanese investors
shed a cumulative Y2.524tn worth of French paper over April & May.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com