Asian Market Update:
Asian Market Update: 10-year Treasury yields are down -0.3 bp at 1.812%, JGB rates fell back -0.50% to -0.100%. Australian bonds outperformed and the local 10-year rate dropped 3.7 bp while the AUD weakened after the minutes from the last RBA meeting reported bankers discussing the arguments for a rate cut. BoJ's Kuroda also said that there is room for further easing, but added that there are limits - denying that he ever said the BoJ has unlimited fire-power. That left Topoix and Nikkei down -0.2% and -0.5% respectively, while the Hang Seng lifted 1.2% and CSI 300 and Shanghai Comp lifted 0.65% and 1.48%. The ASX rallied 0.7% on stimulus hopes while Kospi and Kosdaq sold off after North Korea reportedly suggested that it is not interested in a resumption of talks with the U.S. unless it gets something in return. U.S. futures are slightly higher after the S&P saw another record high yesterday, but in overall lacklustre trade. In forex markets, the AUD was pressured by the dovish minutes, while JPY strengthened, leaving USD-JPY at 108.61. The front end WTI future meanwhile fell back to USD 56.85 per barrel.