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BOND SUMMARY

A Calmer Asia Session

ASIA FX

Positive Risk Sentiment Offset By USD Bounce

FOREX

Greenback Edges Higher, Antipodeans Sag

EQUITIES

Bouncing Back

KOREA RATES

Auction Results

US PIPELINE
US PIPELINE: The US CDX High Yield CDX widened 5.8 bps today at now is at
+321.52 bps. Meanwhile the US Investment Grade CDX also widened, but much less
so, out 1.07 bps on the day to +53.40 bps.