A slow bid crept into the Tsy space....>

BOND SUMMARY: A slow bid crept into the Tsy space during Asia-Pacific hours,

with the contract last dealing just shy of best levels, up 0-06 on the day at

127-21, with global equity metrics largely on the back foot in early trade this

week owing to the move in Fed pricing post-NFP. There is perhaps some spill over

from the Iranian situation, although the upscaling of the country's uranium

enrichment was largely expected ahead of the weekend. Regional participants may

be fading Friday's sell-off in Tsys ahead of this week's Fedspeak/U.S. CPI.

Eurodollar futures trade 2.0-4.5 ticks higher through the reds, with a buyer of

EDM0 highlighted overnight.

- The move in Tsys has allowed core global FI to edge higher during Asia-Pacific

hours with little in the way of headline flow evident for Aussie Bonds, JGBs or

German FI.