1. China's economic data significantly missed expectations with a lower-than-forecast trade balance and sharply revised down export data, signaling potential weakness.
2. Singapore's central bank (MAS) unexpectedly tightened its monetary policy by slightly increasing the appreciation rate of the Singapore Dollar's policy band (S$NEER) to combat inflation.
3. Japan's 20-year government bond auction saw extremely strong demand, with the bid-to-cover ratio hitting its highest level since July 2019.
China's Weak Data, Singapore Tightens Policy, Strong Demand for Japanese Bonds
