China trade figures worsen further; Japan wages still declining; Moody’s downgrade several regional US banks;

Quiet start to the week in Asia with equities slightly down; Global yields little changed after US yields fall Friday;

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Global curves continue to steepen post UK BOE rate hike (JP 10-yr still >0.65%), Mixed Asia equity markets on quiet macro day;

Asia equities mixed; CN Caixin Services PMI beats ests, but passenger car sales -5% y/y; JP JGBs continue rising and BOJ responds

APAC Stocks Trade Lower as US Yields and Data Dampen Sentiment

APAC Stocks Mostly Higher as RBA Holds Rates, Euro Stoxx 50 Flat

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Quiet Asia session sees higher equities; CN PMI mixed; Market absorbs BOJ YCC tweak;

BOJ allows for “gradual” yield adjustment of 10-yr JGBs at 1.0% fixed rate; JGB yields at highs last seen 2014; Nikkei 225 declined by >2.0%