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Regional Bond Markets Rallying on Equity Weakness

ASIA RATES
  • Regional bond markets are seeing lower yields in morning session, taking their lead from falling equity markets.
  • With equity bourses off 0.30% - 3.50% (exception being Jakarta which is up), bonds have rallied driving yields lower.
  • 2yr yields are lower for most markets, with China and Malaysia bucking regional trends.
  • 2yr yield moves Wednesday morning: Philippines -1.5bp, Singapore -4bp, Indonesia -2bp, China (unch) Malaysia (unch) South Korea -4bps.

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