You are watching daybreak asia live from new york, sydney and hong kong. Counting down to asias major market opens. Australia is online, the top stories. Relief after a retreat in treasury yields following a volatile session. Bearish bond views. Hamas frees two hostages and chevron vies hess in the second Major Oil Deal in a few weeks. Annabelle thank you, weve got the open of the asx 200. Pricing with a staggered start. What is happening in the bond space is where we have noticeable moves and sherry can get through the details but there was a pullback in yields coming across in the three and 10 year as we get trading underway. Whether we see relief coming through for equities and a softer dollar, we are seeing the a sx coming online fairly flat as we get underway but if it trades in the green that would snap three days of losses for the australian benchmark. Something to be monitoring. Ubs saying we can expect more volatility because the relationship between bonds, rates, the fed is b
Then we speak to the ceo of one of the biggest providers, csop. Haslinda lets take you to markets, where avril hong is on top of developments. Stocks and bonds getting sold off, investors adopting a wait and see attitude. There is a lot to read through today, so bear with me, as we saw that set up from wall street. It was a pretty flat close. Today asian stocks are mostly over save for japan and china. For different reasons. In china, we have seen tech and property rebounding. Property as it scraps homebuying restrictions, and the idea that other tier two cities will follow suit. Thats also boosting the commodity iron ore, those prices ticking higher. In japan, the likes of an earnings release, and we got the news about the share buyback. Those are among the individual names lifting the japanese benchmark. But were also seeing the selloff in bonds, after a 10year treasury auction, and the yields in australia, as well as new zealand, you are seeing big moves about 6, 7 basis points. Don
By UOB KayHian On May 17, China rolled out a package of new measures to support the property market. Three of those were on the demand side. Minimum down payment ratios for first and second homes were lowered from 20% and 30%, respectively, to 15% and 25%. The mortgage rate floors for first and second homes were removed.
Cash-strapped owners are taking out loans with rates of up to 29 per cent, with luxury properties in areas like The Peak and Repulse Bay as collateral.