A very limited session thus far for....>

BOND SUMMARY: A very limited session thus far for core global bonds, as we await

the latest U.S. labour market report, while Japan & China continue to observe

their respective national holidays.

- T-Notes last 123.08, with cash markets closed owing to the Japanese holidays.

The space shrugged off an uptick in U.S. equity futures, with no headline

catalysts observed. Eurodollar futures trade unch. to 0.5 tick higher at

writing.

- Soft domestic building approvals data provided a light bid for the Aussie bond

space, but the reaction was muted, and later faded. Next week's AOFM issuance

schedule looks a little light, with a A$900mn round of XM basket bond issuance

providing the sole ACGB offering. YM last trades -0.5 tick, with XM unchanged.

YM/XM trades at 53.0 ticks, with the cash equivalent at 49.1bp. Bills trade 1

tick higher to 1 tick lower through the reds.

- German fixed income futures trade a touch softer than settlement at writing.

Schatz -0.5 tick, Bobls -2.0 ticks, Bunds -8 ticks.