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FOREX

NZD, JPY Underperform In Muted Trade

AUSSIE BONDS

AOFM Weekly Issuance Slate

CHINA RATES

China Repo Rates Diverge on Friday

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Joe Biden suggested he hold a face-to-face summit with Chinese president Xi Jinping during a 90-minute call last week but failed to secure an agreement from his counterpart, leading some US officials to conclude that Beijing is continuing to play hardball with Washington. The US president proposed to Xi that the leaders hold the summit in an effort to break an impasse in US-China relations, but multiple people briefed on the call said the Chinese leader did not take him up on the offer and instead insisted Washington adopt a less strident tone towards Beijing.