Trial now
AUSSIE BONDS

IRs Pressured

FOREX

Yen Sags In Muted Start To Asia-Pac Trade

AUSSIE BONDS

IRZ1 Given

CHINA
CHINA: USDCNH trades roughly where it began the day after an early drop,
potentially triggered by ab Axios report regarding a potential Xi-Trump meeting
next month, was erased. The pair sits off daily highs though last at 6.7800.
EURCNH managed to hit a new cycle low in early trading before recovering some
losses. 
- The yuan has found little support from rate markets with swaps resuming their
downward trend and 10 year bond futures gaining 32.5bps to bring the Jan highs
within touching distance. 
- The bond market continues to shrug off equity gains with local stocks up
between 1-3% on the day as small caps outperform.