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New all time record high for Stoxx600


Some early selling emerging


Estoxx futures test intraday high

AUSSIE BONDS: Bond futures are edging away from best levels, with risk-assets
bid in early Asia-Pac trade. YM -1.5 ticks, while XM trades 2.0 ticks lower.
YM/XM last 51.5. Cash 3-/10-Year yield differential last 48.7bp. AU/U.S. 10-Year
yield spread last -42.3bp.
- Little in the way of idiosyncratic news flow for the space/Australia.
Potential for comments from a PBoC Dep. Gov. to have an impact at the top of the
hour. Commentary from China re: economic measures revealed little in the way of
fresh information. The PBoC has noted that it will "further increase policy
flexibility" according to headlines run by BBG.
- Bills continue to operate on limited volume, with whites and reds last trading
1 to 2 ticks lower.
MNI London Bureau | +44 0203-865-3809 |