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AUSSIE 3-YEAR TECHS

(Z2) Fades Into Wednesday Close

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NZGBs Twisting Flatter To Start

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MNI ASIA OPEN - "Substantial" Majority Of FOMC Saw Stepdown Soon

  • A "substantial majority" of FOMC participants judged that a slowing in the pace of increases would "likely soon be appropriate", whilst only "various" saw higher than previously assessed terminal rates.
  • US composite PMI sees second-fastest decline since May'20 as demand fades and price components soften.
  • Oil sinks on China Covid fears and the EU discussing a softer Russian price cap at $65-70/bbl
  • BoE to auction bonds in emergency portfolio three times a week, starting Nov 29


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  • A "substantial majority" of FOMC participants judged that a slowing in the pace of increases would "likely soon be appropriate", whilst only "various" saw higher than previously assessed terminal rates.
  • US composite PMI sees second-fastest decline since May'20 as demand fades and price components soften.
  • Oil sinks on China Covid fears and the EU discussing a softer Russian price cap at $65-70/bbl
  • BoE to auction bonds in emergency portfolio three times a week, starting Nov 29