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Bond Yields Down A Touch, Mixed Trade Data

CHINA RATES
  • China trade data today showed an unexpected decline for July as the biggest economy in the region shows sings of slowing. Exports expanded less than expected, although imports expanded more than forecast. Commodity import volumes were mostly positive m/m, but the still is still softer. The trade surplus narrowed.
  • Equity markets are more benign following days of volatility. Major bourses marginally ahead for the day.
  • Bonds saw yields marginally lower on the day across the curve with muted volumes.

2yr 1.481% (-1bp) 5yr 1.791% (-1.5bp) 10yr 2.123% (-1.5bp) 30yr 2.235%

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