A New York Times source report.........>

BOND SUMMARY: A New York Times source report noting that the White House

considers a sweeping travel bank on CCP members & their families has weighed on

risk appetite, but T-Notes are already off earlier highs. Worth adding that the

story said that the POTUS can still reject the draft order. Broader focus is on

China's GDP & economic activity indicators, due later today.

- T-Notes last trade +0-00+ at 139-11+. Cash curve has undergone some very

marginal flattening. Eurodollars are unch. to -0.5 tick through the reds.

- JGB futures moved through overnight highs and topped out at 152.28 before

easing off a tad. The contract is testing earlier highs now, trading 13 ticks

above settlement. Yields trade lower in cash trade, save for 20s & 30s. 1-Year

Bill supply a liquidity enhancement auction for off the run 1-5 Year JGBs

headline locally today.

- Moving to Australia, YM +0.5 & XM unch. as we type, with aforementioned risk

dynamics driving early price action. Yields generally sit marginally higher in

cash trade. Bills last seen 1-2 ticks higher through the reds. Australian labour

market report for June is due at the bottom of the hour.