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JGBS

No Reaction To Mediocre Auction

JGBS AUCTION

Japanese MOF sells Y2.0991tn 10-Year JGBs:

US TSY FUTURES

TYU1 Blocked

ASIA FX

IDR Posts Gains For Fifth Session

GOLD

Consolidating

INDIA

RBI Looms Large

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The Morrison government's choice of pandering to the U.S. at the expense of its ties with China will harm Australia as China diversifies away from Australian-produced commodities, the government-run Global Times said. The booming iron ore exports to China have so far allowed the Morrison administration to claim an ongoing trade relationship with China, ignoring that other domestic industries have suffered badly from deteriorating political ties, the newspaper said. China's suspension of economic dialogues this month in response to Canberra's undermining mutual trust points to a further downward spiral, the newspaper said.