UK Collects Another Negative Rating Outlook In Wake Of Mini-Budget

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 up 259.44 points at 27389.19
• ASX 200 up 7.423 points at 6809.50
• Chinese markets are closed.
• JGB 10-Yr future down 14 ticks at 148.84, JGB 10-Yr yield down 0.1bp at 0.251%
• Aussie 10-Yr future down 16 ticks at 96.19, Aussie 10-Yr yield up 16bp at 3.79%
• US 10-Yr future +0-02 at 112-19, 10-Yr yield down 0.77bp at 3.7448%
• WTI crude up $0.15 at $87.9, Gold up $5.77 at $1722.95
• USDJPY down 10 pips at 144.55
• FED'S BOSTIC PUSHES BACK ON MARKET HOPES OF 2023 CUTS (MNI)
• FITCH ADJUST UK SOVEREIGN RATING OUTLOOK TO NEGATIVE
• NORTH KOREA TEST-FIRES MISSILE AFTER CRITICIZING US CARRIER MOVE (BBG)
• WHITE HOUSE: IT'S CLEAR THAT OPEC+ IS ALIGNING WITH RUSSIA (RTRS)
• VON DER LEYEN PROPOSES GAS PRICE CAP AS EU ENERGY FEARS RISE (BBG)
• WORLD CURRENCY RESERVES SHRINK BY $1 TRILLION IN RECORD DRAWDOWN (BBG)