Bond Auctions Eyed In Japan & Australia, T-Notes Move Away From Thursday's High

T-Notes have ebbed away from yesterday's high of 132-17 and last trade -0-01 at 132-14+. Cash Tsy yields sit marginally higher across the curve. Eurodollar futures last seen unch. to -0.5 tick through the reds. Global flash PMI survey readings will headline the broader economic docket ahead of NY hours today.

• JGB futures have edged higher and last trade at 151.44, 7 ticks above Thursday's settlement & hitting fresh session highs. Cash JGB yields are broadly lower, across a marginally flatter curve. Deflation in Japan's consumer prices was slightly slower than expected, according to both headline and core reading. Focus moves to flash Jibun Bank PMIs & 20-Year JGB supply.
• Australian YM sits +0.5, with XM +2.0 as we type. Cash ACGB curve runs steeper, with yields last seen +0.1bp to -1.8bp & 10s outperforming. Bills last trade unch. to -1 tick through the reds. Australia's Markit M'fing PMI rose to a fresh record high this month, according to preliminary data. Flash retail sales, ACGB 21 Sep '26 supply & the AOFM's weekly issuance schedule take focus from here.