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UK T-BILL AUCTION RESULTS

GBP3.0bln Of 1-/3-/6-Month Bills

EUROZONE ISSUANCE

Jul 26 Belgium Auction Size Up To E3.1bln

EGB OPTIONS

Schatz straddle, sold again

MARKET INSIGHT

Price Signal Summary - S&P E-Minis Approach The ATH

ASIAN MARKETS, AUSSIE-YEN
AUSSIE-YEN: AUDJPY was the biggest mover overnight following the paring of risk
positions after weekend reports in the WSJ that said China has cancelled planned
trade talks with the US amid an escalation of tariff threats. Rate slipped 60
pips at the Wellington open to Y81.39, before it slowly recovered through Asia.
Rate holds Y81.70/75 in early Europe with bulls looking to reclaim the 100-dma
at Y81.94, before challenging Friday's six-week highs of Y82.36.