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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

Gilts are trading modestly higher,.....>

GILT SUMMARY
GILT SUMMARY: Gilts are trading modestly higher, taking cue from overnight move
in US Treasuries, with the yield curve seen shifting lower by around 1.5bps.
10-year Gilt yield is -1.8bp at 1.364%.
- UK GfK consumer confidence surprisingly ticked to a 5-month high of -9 but
remained muted as consumers continue to grapple with in squeezed incomes and
economic uncertainty. While house prices rose by 2.0% y/y in September according
to latest Nationwide index, however, London house prices fall for the first time
in 8-years.
- Markets will be keeping an eye on a raft of UK data released at 0930BST,
including final Q2 DGP reading, July index of services and BoE M4 money supply
and mortgage approval data. Markets will also be keeping an eye on Eurozone
flash Sep inflation at 1000BST.
- The BoE 20-year of independence conference continues Friday with IMF President
Christine Lagarde scheduled to speak at 1130BST, while BOE Carney and ECB Mario
Draghi sit down for a "discussion", followed by closing remarks by Carney at
1545BST.