Asian Equities are off to a positive start following yet another record closing for U.S Equities. U.S equities rose to fresh highs encouraged by the start of the earnings season and buoyed by hopes of a Trump Presidency. Bloomberg Headline “China weighs stock market rescue package backed by $278 bn” are supporting the sentiment. According to Reuters, Chinese major state-owned banks are curtailing lending to tighten CNY liquidity in the offshore market and banks were seen selling USD in the onshore FX market. There is also some expectations that some easing will be announced before Lunar New Year celebrations in early February.
On the day, BoJ will announce the monetary policy decision
today with expectations for an end to NIRP pushed out to April in the wake of
the 7.6 magnitude Earthquake earlier this month.
|
Yields |
High |
Low |
Close |
DoD ▲ |
|
US 2Y |
4.42 |
4.37 |
4.39 |
0.40 |
|
US10Y |
4.14 |
4.08 |
4.11 |
-1.70 |
|
US2s10s |
-0.27 |
-0.29 |
-0.28 |
-2.10 |
|
US30Y |
4.34 |
4.29 |
4.32 |
-1.20 |
|
JGB 10Y |
0.66 |
0.64 |
0.65 |
-1.10 |
|
DE10Y |
2.29 |
2.24 |
2.26 |
-4.00 |
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