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European yields continue to move higher as ECB warms up to potential hikes this year

Asian equities trade mostly higher, US equity FUTs extend gains; 30-yr treasury FUTs continued to decline

- 005380.KR No cooperation agreements on EVs happening, have requests from multiple companies to co-develop autonomous, electric cars - (KR) Bank of Korea (BOK) sells KRW840B v KRW700B indicated in 1-year Monetary Stabilization Bonds (MSB); avg yield 0.670% v 0.710% prior China/Hong Kong Hang Seng opened +1.2%; Shanghai Composite opened +0.2% - (CN) CHINA JAN FOREIGN RESERVES: $3.211B V $3.222TE; Gold reserves: $116.8B v $118.3B m/m; Gold reserves in Troy oz: 62.64M troy oz v 62.64M prior - (CN) Beijing, China to launch test related to digital currency over the Lunar New Year holiday - China Daily - (CN) China PBOC Open Market Operation (OMO): Injects CNY110B in 7-day reverse repos v CNY100B in 14-day reverse repos prior; Net Inject CNY10B v Net CNY0B prior

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