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JGB TECHS

(Z1) Downside Pressure Resumes

AUSSIE BONDS

Early Vol. Observed In YM

US TSYS

Flat Restart After Aggressive Twist Flattening

AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

LONDON (MNI)

The Bank of England has published a detailed discussion paper on central bank digital currencies, floating the idea of pressing ahead with a CBDC but implementing a transition period during which it could slow the shift to the new currency to ensure financial stability.

The BOE paper is open about the risks to bank lending if businesses and households opt to use a CBDC rather than making deposits in banks. "There may be a trade-off between the optimal provision of transaction services (payments) – and intermediation services (credit)," it states, noting that the final decision on if and when to introduce a CBDC will only be made in consultation with government.

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