• It was a positive session for Asia rates today, US tsys futures wedged higher, ACBG curve flatter, yields are 2-3bps lower, NZGBs steeper, yields are about 1bp higher, while JGB curve mixed, yields are 1-2bps higher, with the 10Y trading back above 1%
  • Regional Asian equities are mostly higher today, getting a boost after US inflation expectations fell on Friday, leading to rate cut expectations coming forward, US equity futures are little changed today.
  • Aus Corps & Fins 1-2bps tighter. China Credit is 1-2bps wider, with Fins underperforming.
  • Aus iTraxx CDS unchanged at 63bps & Asia Ex-J iTraxx is up 1bp at 92.50bps
  • CBA was upgraded to Aa2 by Moody's, while Lendlease announced they will be selling international assets as they look to divest from international operations.
  • Primary Deals: NAB announced a A$ 15NC10 T2, Auckland Airport announced 7.5Y A$ Bonds & Wuxi Communications announced a 3Y fixed EUR Bond

CREDIT UPDATE: APAC Credit Little Changed, CBA Upgraded By Moody's

Last updated at:May-27 05:20By: Sam Hunter
  • It was a positive session for Asia rates today, US tsys futures wedged higher, ACBG curve flatter, yields are 2-3bps lower, NZGBs steeper, yields are about 1bp higher, while JGB curve mixed, yields are 1-2bps higher, with the 10Y trading back above 1%
  • Regional Asian equities are mostly higher today, getting a boost after US inflation expectations fell on Friday, leading to rate cut expectations coming forward, US equity futures are little changed today.
  • Aus Corps & Fins 1-2bps tighter. China Credit is 1-2bps wider, with Fins underperforming.
  • Aus iTraxx CDS unchanged at 63bps & Asia Ex-J iTraxx is up 1bp at 92.50bps
  • CBA was upgraded to Aa2 by Moody's, while Lendlease announced they will be selling international assets as they look to divest from international operations.
  • Primary Deals: NAB announced a A$ 15NC10 T2, Auckland Airport announced 7.5Y A$ Bonds & Wuxi Communications announced a 3Y fixed EUR Bond

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