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Asian Market Update:.

Asian Market Update: 10-year Treasury yields fell b ack -0.9 bp to 1.815, JGB yields dropped -0.1 bp to -0.100% as risk appetite faded in tandem with hopes of a quick U.S.-Sino trade deal. Reports yesterday suggested that nothing may be signed officially until December, which has left many suspecting that talks have not quite progressed as far as some officials may want markets to believe. Wall Street closed narrowly mixed yesterday and Asian stock markets also struggled as investors turned cautious. The ASX managed to outperform and rise 1.0%, as the rise in yields was stopped and AUD weakened. The Yen strengthened and USD-JPY fell back to 108.74. Topix and Nikkei meanwhile are up 0.2% and 0.1% after erasing earlier losses. The Hang Seng is stuck in negative territory though and down -0.34%, while Shanghai Comp and CSI 300 have lost -0.03% and -0.20% so far. U.S. futures are also fractionally lower and the front end WTI future is trading at USD 56.37 per barrel.

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Publication:The Fly
Date:Nov 7, 2019
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