EM CEEMEA CREDIT: POLISH CENTRAL BANK CUTS MAIN RATE TO 4.50%; EST. 4.75%

SFIZ5 96.15/96.05 1x2 put spread, paper sells for 3.0 in 3k.

"*JAPAN'S SANAE TAKAICHI INTENDS TO RUN FOR LDP LEADER: KYODO" Bloomberg

•  Not a surprising development.
• Thatcherite MP Sanae Takaichi is a front-runner among many opinion polls - and also ran against Ishiba in the last leadership race. While politically conservative, she's made clear her preference for easy monetary policy and a bigger role for fiscal spending - reminiscent of the Abenomics policy set from 2012 - 2020.
• Takaichi's likely intent to run as LDP leader was a key driver of overnight twist steepening in the JGB curve.

Slovakia has announced it will be looking to sell the following at its auction next Tuesday, September 16:

• the 3.625% Jun-33 SlovGB (ISIN: SK4000023230)
• the 3.75% Feb-35 SlovGB (ISIN: SK4000022539)
• the 0.375% Apr-36 SlovGB (ISIN: SK4000018958)
• the 4.00% Feb-43 SlovGB (ISIN: SK4000022547)