Slightly Cheaper In A Data Light Session

Asian Government Bonds are slightly cheaper across benchmarks.

• China government bonds are dealing flat to 1bp cheaper in a data light session.
• (MNI) China's rising pork prices will drive consumer inflation to about 1% in H2, while a reversion of falling factory-gate prices may depend on whether property can stabilise, advisors and analysts told MNI, adding further fiscal efforts to boost demand were needed due to monetary policy constraints. (See link)
• South Korean sovereign bonds are also flat to 1bp cheaper, with a mild flattening bias.
• South Korea sold 2.3tn won of Mar-29 bonds today, with a bid-to-cover ratio of 3.05x.
• Tomorrow, the South Korean calendar will see Consumer Confidence and Retail Sales data.