A tight overnight session for the......>

BOND SUMMARY: A tight overnight session for the Tsy space, with an underlying

bid on the back of the weakness in e-minis & worry surrounding the latest

developments on the protest/riot front i.e. President Trump's threat of broader

troop deployment, gradually waning, leaving T-Notes -0-01 at 138-31+ as we move

towards European hours, holding a 0-04+ range. Yields marginally mixed across

the curve, with outright levels perhaps a little too rich to facilitate

meaningful buying in the Asian time zone, in absence of a fresh catalyst.

- In Japan, the overnight weakness in futures was unwound during the morning

before a soft 10-Year JGB auction saw the contract to trade back to neutral

levels after bulls failed to force a break through overnight highs. 7s

underperformed all day, 2-5 Year sector well bid on recent Rinban dynamics.

- Aussie bond futures had little to no tangible reaction to the latest round of

Q1 GDP partials, given their rear-view mirror nature. Elsewhere, the latest RBA

decision failed to generate any meaningful market response, with the slightly

less downbeat outlook telegraphed and little to rock the boat elsewhere, as the

Bank reiterated its steady MonPol outlook. YM -0.5, XM -1.0.