Sources: India's market regulator has proposed that the government scrap the long-term capital gains tax on foreign investors.

Industry sources say on Nov. 2 around 09:00 Beijing time the People's Bank of China and the CSRC will meet to study measures to promote use of capital-market instruments. The same day the PBOC, the Financial Regulatory Administration and the CSRC will convene major banks at the PBOC to discuss optimizing a re-lending facility to support stock buybacks and increases in shareholdings.

Capital Economics Asia-Pacific head Thomas Mathews said a less-hawkish-than-expected monetary stance and an unwind of AI froth will further support bonds over time. Bonds extended gains last week after major central banks kept rates unchanged, leaving market optimism intact; Mathews expects central banks to continue providing a favorable backdrop for the rally. He added the Fed, ECB and BOJ could still tighten later while the BoE and RBA are likely to hike this week, but stressed developed-market inflation does not justify the degree of tightening currently priced into money markets.