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OUTLOOK

Markit PMIs, Fed Chair Powell

UK T-BILL AUCTION PREVIEW

1/3/6-month UKTBs

OPTIONS

Expiries for Oct22 NY cut 1000ET (Source DTCC)

BOND SUMMARY
BOND SUMMARY: Core FI instruments have eased off a tad, even as familiar risks
remain in play. Focus remains on U.S.-China trade matters. Amid speculations re:
potential for a partial accord, the U.S. blacklisted eight Chinese tech
companies post-NY hours, in what may add to bilateral tensions. However, Chinese
MOFCOM confirmed that VP Liu will lead a delegation for Thursday's high-level
negotiations. T-Notes -0-04 at 131-12+. Cash Tsy yield curve is slightly higher
& steeper. Eurodollars unch. to 2.0 ticks lower through the reds.
- JGB futures ticked lower as the Nikkei 225 opened in the green; they last deal
at 155.09, 15 ticks shy of settlement. JGB yields are broadly higher across the
curve. Japanese earnings and spending figures met consensus forecasts, while BoP
current account surplus was wider than expected. Japanese focus turns to Eco
Watchers Survey and an enhanced liquidity auction for off-the-run 5-15.5 Year
JGBs.
- In Australia, YM last -2.0, XM -1.0. Cash bonds reopen after a long weekend in
Sydney/NSW, yields trade 1.3-2.7bp lower across the curve. Bills 1-3 ticks lower
thru reds. Muted reaction seen to local ANZ job adverts & NAB biz. conf. survey.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com