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Regional Yields Lower Ex Korea

ASIA RATES

INDIA

  • PMIs came in ahead of surveys as manufacturing surged in July.
  • Following a moderation of business confidence in June, July PMIs saw monthly manufacturing and services output expand.
  • This may possibly likely reflect the end of the election cycle and the expectations of supportive measures from the budget (now released).
  • Bonds performed well on the day given the news of the forecast narrowing of the fiscal deficit.
  • 2yr 6.85% (-2.5bp) 5yr 6.899% (-2bp) 10yr 6.965% (-0.5bp) 30yr 7.039%

INDONESIA

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INDIA

  • PMIs came in ahead of surveys as manufacturing surged in July.
  • Following a moderation of business confidence in June, July PMIs saw monthly manufacturing and services output expand.
  • This may possibly likely reflect the end of the election cycle and the expectations of supportive measures from the budget (now released).
  • Bonds performed well on the day given the news of the forecast narrowing of the fiscal deficit.
  • 2yr 6.85% (-2.5bp) 5yr 6.899% (-2bp) 10yr 6.965% (-0.5bp) 30yr 7.039%

INDONESIA

Keep reading...Show less