Asian FX and fixed income selloff continues. USDKRW spiked to 1159 on the open, and USDMYR traded a high of 3.216 before running into central bank intervention. EM Asian yields continued to rise, most notably in Singapore and Malaysia. 10y JGP yields was also up 3bps to 0.89%. China interbank rates retreated after PBoC was reported to have injected liquidity.
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Credit Suisse