A risk-off feel crept into the FI......>

BOND SUMMARY: A risk-off feel crept into the FI space in late Asia-Pac trade

today. Elsewhere, with Japanese markets closed for a national holiday and news

feeds relatively quiet, focus fell on regional economic data. The latest

Australian labour market report revealed that domestic unemployment fell to an

8-year low of 4.9% from the prev. 5.0% in February, with the RBA closely

watching domestic labour mkt developments.

- Aussie bond yields ebbed lower towards the close, despite jumping on the back

of a strong Australian labour market report earlier in the session. The release

allowed the 3-year bond yield to have a brief look above the RBA cash rate of

1.50%. Yields last trade 2.8 to 6.1bp lower across the curve. YM last trades

+2.0 ticks at 98.580, XM +6.0 ticks at 98.120, with YM/XM 3.5 ticks lower at

46.50. Bills are trading 2 ticks lower to 2 ticks higher through the reds.

- T-Notes stuck to a tight range and last trade +0.02+ at 123.15+, with cash

markets closed due to the Japanese holiday. Eurodollar contracts trade 0.25 to

1.5 tick higher through the reds.

- Bunds +0.22 at 164.47, Bobls +0.07 at 132.47, Schatz +0.010 at 111.825.