Asian Market Update:
Asian Market Update: 10-year Treasury yields are down -1.0 bp at 1.861%, but across Asia yields moved higher, with the 10-year JGB rate up 1.1 bp at -0.016% as market sentiment and risk appetite remains buoyed by the U.S.-China trade deal. RBA minutes said the bank will reassess conditions in February, which together with a dip in weekly consumer confidence backed those expecting another cut in February. Yields still moved slightly higher. China's state planner meanwhile said there won't be a massive stimulus program but local press reports suggest the PBOC may implement 2 targeted RRR cuts next year. The ASX still lost -0.04%, under-performing versus most other markets, which moved higher. Topix and Nikkei gained 0.59% and 0.47% respectively - the Hang Seng is up 0.61% and CSI 300 and Shanghai Comp 1.6% and 1.5%. U.S. futures are also slightly higher and the front end WTI future is trading at USD 60.21 per barrel. In forex markets USD-JPY is little changed at 109.57, while the AUD is slightly weaker.