BONDS: Richer, Trade Surplus Widens, Budget Tomorrow
May-20 23:12
In local morning trade, NZGBs are 3-4bps richer despite a mixed finish for US tsys on Tuesday. It wa...
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GLOBAL: Monday's Holidays
Apr-20 22:56
Most of Asia is open today with only Australia, New Zealand and Hong Kong closed for Easter Monday. All of Europe including the UK is closed. The US and Canada are open as well as most of South America except for Brazil.
GOLD: Gold Jumps to New Highs as Open
Apr-20 22:49
- Playing catch up after a closed period Friday, gold jumped in early trading in the Asia morning to reach new all-time highs.
- Having closed Thursday afternoon at US$3326.85, gold has touched a new high of $3,346.28.
- This takes gold year to date gains in excess of 28% and is causing forecasters globally to reset their year end expectations.
- Gold sits above all major moving averages, with the nearest the 20-day EMA of $3,156.15.
- With some markets closed, it is likely to be a disjointed day. At present the equity futures in Japan are negative whilst in Taiwan equity futures are positive.
ASIA: Government Bond Issuance Today
Apr-20 22:28
- Bank of Korea to Sell 500 Billion Won 91-Day Bonds
- South Korea to Sell 2.8 Trillion Won 5-Year Bonds
- Thailand to Sell 30 Billion Thb of 182-Days Bills
- Philippines To Sell PHP 8.0Bln 91D Bills (PH0000058927)
- Philippines To Sell PHP 8.0Bln 182D Bills (PH0000059396)
- Philippines To Sell PHP 9.0Bln 364D Bills (PH0000060261)
