Asia Cruises Towards Weekend

Little to write home for the early part of the final Asia-Pac session of the week, with T-Notes sticking to a tight 0-02 range within close proximity to overnight highs, last -0-00+ at 137-28. A lack of any clear breakthrough in the U.S. fiscal talks on the Hill and little movement in Brexit talks remain the main talking points, amid little in the way of fresh headline/data flow. Cash Tsy yield curve has marginally steepened. Eurodollars trade unch. through the reds.

• JGB futures slipped early on, then recovered and last trade at 152.12, just 1 tick shy of last settlement. Cash JGB yields trade marginally mixed across the curve. The BoJ left all purchase sizes unch. during today's round of 1-10 Year Rinban ops. Focus falls on local fiscal matters an the MoF's regular meeting with primary dealers.
• Cash ACGB yields mostly sit lower, save for 5s (last +0.7bp). YM -0.8 & XM +4.0 as we type. Bills sit unch. to -2 ticks through the reds. Simmering Sino-Australian tensions continue to generate a sense of worry, albeit with little impact on price action across the space.