Russian equities touched a record, and investor demand rose at a South African government bond auction after yields climbed this week to the highest level since December.

Aud/Usd is back on the 0.7200 handle and the Kiwi is hovering just under 0.6600 after little reaction to overnight RBA minutes, and ahead of the latest GDT auction that is expected to extend the run of price declines.

In April they closed above that level for just 1 day, in May they closed above for 7 sessions in succession (the longest streak so far), and then in August they closed above for just 1 session again.

Here in Europe all the action in bonds (and equities) were once again in Italy.

On the economic data front, yesterday was relatively quiet.

Categories: ZH