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US TSYS

Belly-Led Cheapening In Wake Of Retail Sales

AUSSIE 10-YEAR TECHS

(Z1) Turning More Neutral

ECB

ECB Plays Down FT Story

AUSSIE 3-YEAR TECHS

(Z1) Incline Accelerates

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CHINA JULY CPI +1.0% Y/Y VS +1.1% Y/Y JUNE: NBS

CHINA JULY CPI +0.3% M/M VS -0.4% M/M JUNE

CHINA JULY FOOD PRICES -3.7% Y/Y VS -1.7% Y/Y JUNE

CHINA JULY NON-FOOD CPI +2.1% Y/Y VS +1.7% Y/Y JUNE

CHINA JULY PPI +9.0% Y/Y VS +8.8% Y/Y JUNE: NBS

CHINA JULY PPI +0.5% M/M VS +0.3% M/M JUNE