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Market Holidays Limit Activity In Asia


Market Closures Subdue Proceedings


Adds To Recent Gains


10-Year Auction Results


Rupiah Slips In Muted Trade


Peso Loses Some Altitude

In the green on Brexit concerns


EGBs are on the front foot throughout the session, on safe haven, following the lack of advance between the EU and the UK on a Brexit deal.

  • Sunday is the new self impose date, although UK Raab said that extension pass that date isn't ruled out.
  • PM Johnson tweeted this afternoon; "Australia-Style Solution' Is 'Very, Very Likely'
  • Peripherals have lagged the German 10yr somewhat this afternoon, translating in wider spread, with Italy at 2.1bps.Spain 10yr yield traded in negative territory for the 1st time, making a -0.004% low.
  • Looking ahead after market, Sovereign rating:
  • Fitch on Spain (current rating: A-; Outlook Stable) & Switzerland (current rating: AAA; Outlook Stable)
  • Moody's on Luxembourg (current rating: Aaa; Outlook Stable) & Norway (current rating: Aaa; Outlook Stable)
  • S&P on Slovenia (current rating: AA-; Outlook Stable)
  • All the focus will be on the weekend Brexit talks ahead of a busy week next week as we close out the year.
  • Bund futures are up 0.50 today at 178.58 with 10y Bund yields down -2.8bp at -0.633% and Schatz yields down -1.5bp at -0.788%.
  • BTP futures are up 0.14 today at 152.05 with 10y yields down -0.7bp at 0.554% and 2y yields down -0.1bp at -0.441%.
  • OAT futures are up 0.39 today at 168.43 with 10y yields down -2.5bp at -0.383% and 2y yields down -0.7bp at -0.734%.
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