A very muted session for core global...>

BOND SUMMARY: A very muted session for core global FI thus far. T-Notes -0-05 at

131-07, holding to a 4+-tick range thus far, with the curve experiencing some

light twist steepening in early cash trade. Eurodollar futures sit 0.25-1.5

ticks lower through the reds.

- Aussie Bond futures also in a tight range, hovering around SYCOM closing

levels. YM +1.0, XM +4.5. YM/XM sits at 23.5 as a result. Bills 1 tick lower to

1 tick higher through the reds. A$500mn of ACGB 2.75% 21 November 2029 supply is

due at the top of the hour.

- JGB futures edge higher in early trade this week, with local data having

little impact on the space, as is the norm. Contract last +7 ticks, with

super-long paper underperforming on the curve, marginally extending on Friday's

Kuroda-inspired steepening.

- There is little on the Asia-Pacific docket to inspire any real hope of a burst

of activity. Focus will likely fall on Chinese market activity in lieu of last

Friday's RRR cut from the PBoC.