A sanguine session for core bond.......>

BOND SUMMARY: A sanguine session for core bond markets thus far, with the RBNZ

MonPol decision and Chinese trade data providing the headline risk events in

Asia-Pacific hours.

- T-Notes have stuck to a tight range, last dealing at 123.28+, with yields

little changed across the curve. Eurodollar futures trade unchanged to 2.0 ticks

lower through the reds.

- Aussie bond futures have also stuck to a tight range, though they could prove

to be sensitive to the aforementioned offshore risk events due in Asia-Pacific

hours. YM last +2.5 ticks with XM +3.5 ticks. YM/XM trades at 48.0, with the

cash equivalent at 44.4bp. Bills trade unchanged to 3 ticks higher through the

reds, showing little sensitivity to the move higher in BBSW fixings & RBA repo

rates, after the space sold off in the wake of yesterday's RBA MonPol decision

- JGB futures have stuck to a tight range, consolidating their overnight session

uptick, with modest flattening evident in the cash space.

- German FI futures have experienced a limited re-open. Schatz unch., Bobls -3.0

ticks, Bunds -4.0 ticks.