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Indecisive

ASIA RATES
  • INDIA: Yields mixed in early trade, a reminder that liquidity is expected to be thinned today by market holidays in China and South Korea and widespread holiday's in Australia. Data on Friday showed that goods exports rose 21% in September, imports rose by around 85%. Markets look ahead to PMI data tomorrow and later in the week the RBI rate announcement, the Central Banks is expected to hold rates and maintain is accommodative stance.
  • SOUTH KOREA: Market closed for holiday
  • CHINA: Market closed for holiday
  • INDONESIA: Yields mixed, curve twist flattens. The Jakarta Post pointed to the escalating infighting within Pres Widodo's PDI-P party, which struggles to unite in pursuit of post-Jokowi presidency. Central Java Gov Pranowo and House of Representatives Speaker Maharani both set their sights on joining the race to succeed Widodo when his term expires in 2024. On the coronavirus front there were added 58 deaths on Sunday, the fewest since August 2020, there are reports that movement restrictions could be eased later today. Participants look to the release of the official consumer confidence gauge on Friday, with Danareksa Consumer Confidence also due at some point this week.

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