All quiet on the Asian front so far....>

BOND SUMMARY: All quiet on the Asian front so far. Participants remain on the

lookout for fresh signals on the trade war front and assess the Hong Kong

predicament. The space has been unfazed by a Politico report, which noted that

U.S. Pres Trump is exp. to delay auto tariffs on the EU by 6 more months (lack

of tariffs this week was suggested by EU Commission Pres Juncker a few days

back). T-Notes trade +0-01+ at 128-14. They ticked higher to 128-17+ as cash Tsy

yields reopened on the back foot after a long weekend in the U.S. The yield

curve has bull flattened. Eurodollars sit up to +0.5 tick through the reds.

- JGB futures have sold off and last trade at 152.80, 22 ticks lower vs.

settlement. Cash JGB yields are broadly higher across the curve. On the local

docket today we have 30-Year JGB supply.

- In Australia, YM +1.0 & XM +1.5; the space has tracked a move in T-Notes.

Aussie yield curve has bull flattened. Bills trade -1 to +1 tick through the

reds. Little reaction seen to an improvement in NAB business confidence.

Elsewhere, the AOFM auctioned A$100mn worth of 1.0% 21 Feb 2050 I/L ACGB. NZ

2-Yr inflation exp., due shortly, may be of interest.