China 5-Year LPR Fixing Moves Lower, Boosting Property Sector Support

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 up 316.66 points at 26720.04
• ASX 200 up 77.239 points at 7141.7
• Shanghai Comp. up 34.431 points at 3131.396
• JGB 10-Yr future up 23 ticks at 149.84, yield down 0.7bp at 0.236%
• Aussie 10-Yr future up 9.0 ticks at 96.680, yield down 8.5bp at 3.297%
• U.S. 10-Yr future +0-02+ at 119-25, yield up 0.18bp at 2.839%
• WTI crude down $1.36 at $110.85, Gold up $0.87 at $1842.44
• USD/JPY down 15 pips at Y127.66
• LATEST CHINESE 5-YEAR LPR FIXING MOVES 15BP LOWER, 1-YEAR UNCHANGED
• SHANGHAI FINDS FIRST COVID-19 OUTSIDE QUARANTINE IN SIX DAYS (BBG)
• SHANGHAI ISSUES RETURN-TO-OFFICE RULE FOR BANKERS AS VIRUS EASES (BBG)
• FED’S KASHKARI: STRONG HOUSEHOLD FINANCES MAY MEAN FED MUST DO MORE (RTRS)
• SUGGESTIONS BIDEN & XI COULD SPEAK WITHIN “WEEKS”
• MR. YEN SAYS CURRENCY MAY WEAKEN TO 150 LEVEL LAST SEEN IN 1990 (BBG)