RBA Leaves Yield Target Undefended Triggering Speculation Around Next Policy Meeting

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

• Nikkei 225 up 18.79 points at 28838.9
• ASX 200 down 104.479 points at 7325.9
• Shanghai Comp. up 5.519 points at 3523.936
• JGB 10-Yr future down 8 ticks at 151.31, yield up 0.2bp at 0.095%
• Aussie 10-Yr future down 27.5 ticks at 97.855, yield up 27.1bp at 2.115%
• U.S. 10-Yr future -0-06 at 130-18, yield up 1.58bp at 1.596%
• WTI crude up $0.07 at $82.89, Gold down $4.45 at $1794.47
• USD/JPY up 9 pips at Y113.67
• U.S. HOUSE DELAYS BIPARTISAN INFRASTRUCTURE BILL VOTE AMID PROGRESSIVES' PUSHBACK
• LAGARDE'S MILD RATES PUSHBACK REFLECTED ECB COUNCIL AGREEMENT (BBG)
• UK LOOKS AT FALLOUT FROM SUSPENDING NORTHERN IRELAND COOPERATION (Sky)
• RBA REFRAINS FROM PURCHASING DEBT IN DEFENCE OF YIELD TARGET
• EVERGRANDE PAYS OVERDUE INTEREST AND AGAIN DODGES DEFAULT (BBG)
• CHINA NDRC: COAL PRICES HAVE ROOM TO FURTHER FALL (BBG)