Asian Market Update:
Asian Market Update: 10-year Treasury yields fell back -1.2 bp to 1.740% overnight, JGB yields are down -0.1 bp at -0.164%, while stock markets struggled, after weak GDP numbers out of China, which showed growth slowing to a near 30 year low amid mounting signs that trade tensions are hitting the economy. Brexit uncertainty also remained in the mix, as the initial euphoria over the announcement of a deal gave way to the realisation that Johnson can't be sure of getting the deal through parliament. Inflation data out of Japan as usual missed the target and Topix and Nikkei quickly fell back from early highs and are currently down -0.12% and up 0.25% respectively, while USD-JPY is trading at 108.56. The Hang Seng corrected -0.18% and mainland China bourses struggled following the weak data. CSI and Shanghai Comp are down -0.74% and -0.68%. The Shenzen Comp dropped -0.64%. RBA's Lowe pushed back against expectations that Australia is heading for negative interest rates the ASX dropped -0.52%. U.S. futures are also lower, after closing with fractional gains yesterday. The front end WTI future is trading at USD 53.80 per barrel.