Trial now
CHINA RATES

China Repo Rates Drop Thursday

CHINA PRESS

PBOC to Further Promote Green Finance: Xinhua

CHINA PRESS

Holiday Boom Strengthens China's Confidence: Times

AUSSIE 10-YEAR TECHS

(M1) Pressures The 50-DMA

AUSSIE 3-YEAR TECHS

(M1) Directional Triggers Intact

EGB SUMMARY
EGB SUMMARY: Late US trading saw some weakening in debt markets as investors
wait for the start of Jackson Hole. The Bund yield is a modest 1bp higher
relative to Thursday's European close at 0.386%, almost uniformly across the
curve. 
- Somewhat surprisingly, peripheral debt is more popular this morning. Often,
big events lead to an unwind of carry trades but this is not the case today,
perhaps because Draghi is not expected to talk policy.
- The Editorial Network Germany (RND) report that the ECB will discuss an exit
to QE in September, and embark on an exit at their October 26 meeting. The
article cites "ECB circles" which was translated on newswires as "central bank
officials". They note that the withdrawal will be slow and gradual. Several
strategists told MNI this is an expected and likely timetable.
- French consumer confidence dipped to a still solid 103 in August and German
GDP final confirmed the previous release of 0.6%Q/Q.
- Later today sees German IFO and a likely steady stream of central bankers
(Yellen at 3pm London time) either making speeches or being interviewed on TV.