After yesterday's big moves higher.....>

BOND SUMMARY: After yesterday's big moves higher in global bond markets, the

market stabilised after Europeans left the office. A quiet Asian session gave

way to a little retracement in the eraly European morning session, albeit

nowhere near the magnitude of yesterday's moves.

- The BoJ extended its forward guidance while the Swedish Riksbank was more

dovish than expected, significantly pushing back its forecasts for its next rate

hike and announcing it would partially reinvest the proceeds of next year's

redemption.

- The highlight in the NA session will be the durable goods orders with claims

also likely to be on the radar following the very strong prints recently.

- TY1 futures are down -0-2 today at 123-15 with 10y UST yields up 1.1bp at

2.530% and 2y yields up 0.2bp at 2.321%.

- Bund futures are down -0.09 today at 165.64 with 10y Bund yields up 0.5bp at

-0.9% and Schatz yields down -0.2bp at -0.596%.

- Gilt futures are down -0.04 today at 127.41 with 10y yields down -0.4bp at

1.171% and 2y yields down -0.7bp at 0.744%.