PBoC Lowers Cost Of Shorting Yuan, DC Still At Fiscal Impasse

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 down 73.84 points at 23546.26
• ASX 200 up 14.132 points at 6116.6
• Shanghai Comp. up 74.186 points at 3346.262
• JGB 10-Yr future up 6 ticks at 151.96, yield down 0.7bp at 0.029%
• Aussie 10-Yr future down 0.5 ticks at 99.145, yield up 0.3bp at 0.853%
• U.S. 10-Yr future +0-01 at 138-27+, cash Tsys are closed
• WTI crude down $0.38 at $40.21, Gold down $1.3 at $1928.37
• USD/JPY down 18 pips at Y105.44
• PBOC CUTS FX RISK RESERVE RATIO TO ZERO
• WHITE HOUSE CALLS FOR INTERIM CORONAVIRUS RELIEF AS NEGOTIATIONS CONTINUE (RTRS)
• UK WILL EXPLORE EVERY AVENUE FOR EU DEAL, JOHNSON TELLS MACRON (RTRS)
• BRITAIN AND EU AGREE TO PURSUE 'MINI-DEALS' IF TALKS FAIL (THE TIMES)
• EU LEADERS TO INSIST ON TOUGH ENFORCEMENT POWERS IN BREXIT DEAL (FT)
• ECB'S LANE SIGNALS ECB WOULD ALLOW INFLATION TO OVERSHOOT (WSJ)