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JGBS

Soft Cover At 40-Year Auction

AUSSIE BONDS

Continued Tick Lower

JGBS AUCTION

40-Year JGB Auction Results

EQUITIES

Hong Kong Bucks Broadly Negative Trend

US TSYS

Oil Adding Some Pressure

AUSSIE BONDS

Steepening Pressure Lingers

NORGES BANK
  • As expected, the Norges Bank kept its key policy rate unchanged at 0% in a unanimous decision at the August meeting.
  • The decision and accompanying statement did nothing to change analysts' views on future Norges Bank policy, with broad expectation that rates will be on hold for the foreseeable future, with the next move being a hike, either in 2021 or 2022.
  • Market reaction was muted, given that the decision was well-anticipated.

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