France 10-y Bond Auction dipped from previous 0.98% to 0.95%

The International Monetary Fund (IMF) policy makers are set to meet in November to review whether or not to include the Chinese yuan in the Fund's reserve currency basket. The Chinese government has been lobbying hard to secure a place for the yuan in the Special Drawing Rights basket to raise the global acceptability of the yuan so that more and more countries add yuan to their reserves. Also, Beijing wants to reduce the dependence of yuan on dollar. In its effort to secure yuan’s place in the SDR basket, the Chinese government has introduced significant reforms in its foreign exchange market. China's deputy central bank governor, Yi Gang has assured trading partners that the efforts to make the currency more flexible will continue.