A very quiet session for global core...>

BOND SUMMARY: A very quiet session for global core FI thus far.

- T-Notes last -0-02+ at 127-14+, with the cash curve twist flattening at the

margin (likely aided by Fed voter Rosengren's preference to leave rates unch.).

Weekend news may have provided some light pressure after Xinhua noted that

several Chinese co.'s want to buy U.S. ag products & have applied for exemptions

from the tariffs imposed by Beijing. However, it is worth flagging that the

report also cited Trump's promise to suspend the imposition of new tariffs on

Chinese goods & allow U.S. firms to sell products to "relevant Chinese co.'s",

in an apparent reference to Huawei, per SCMP. WH Econ advisor Kudlow & U.S. Tsy

Sec Mnuchin are set to meet with U.S. tech firms today. Some have suggested that

they will discuss a resumption of sales to Huawei.

- Aussie bond futures stuck well within Friday's ranges, with YM +1.0 tick and

XM +1.5 ticks. Bills trade 1 tick lower to 1 tick higher through the reds.

- JGB futures were also limited, last +4 ticks, as the super-long end of the

cash curve underperformed at the margin. The BoJ left the size of its 1-10 Year

& JGBi purchases unchanged in the latest round of Rinban operations.