A small uptick for core global bonds...>

BOND SUMMARY: A small uptick for core global bonds in early Asia-Pacific trade,

with the Nikkei 225 on the defensive and JPY edging higher among G10 FX, with

risk likely crimped on the back of the formal measures implemented by U.S.

President Trump vs. Huawei.

- T-Notes last +0.03 at 124.24+, with 10-Year cash Tsy yields at 2.363%, as

yields soften a touch across the curve. Eurodollar futures trade 0.25 tick lower

to 2.5 ticks higher through the reds.

- Aussie bonds remain underpinned ahead of the key labour market data. YM & XM

both +2.5 ticks. YM/XM trades at 47.5 ticks, with the cash equivalent at 44.5bp.

Bills unchanged to 1 tick higher through the reds.

- JGB futures trade 4 ticks higher on the day, with minor outperformance in the

long end.

- German fixed income also edging higher, Schatz unch., Bobls +5.0 ticks, Bunds

+17 ticks.