Cash traded in Asia-Pac for first......>

BOND SUMMARY: Cash traded in Asia-Pac for first time this week (Japanese

holidays Mon-Wed), but little happened - tight range trading, with an early

retracement in yields fully reversed by early London trading, helped by risk-on

headline: "US-China trade chiefs plan phone call as soon as next week".

- Decent volumes on Tsys by recent standards, looking set to crack 200k front

TYs by 0700ET for only the second time in 10 sessions. Jun TYs up 1/32 at

138-18.5 (L: 138-16 / H: 138-24.5).

- The 2-Yr yield is unchanged at 0.1784%, 5-Yr is up 0.2bps at 0.3734%, 10-Yr is

down 0bps at 0.7028%, and 30-Yr is up 0.8bps at 1.4019%.

- Challenger Job Cuts for April (0730ET) is the appetizer for weekly Initial

jobless claims at 0830ET, which again has a wide survey range (though not nearly

as broad as previous week's releases): L: 2.0mln, H:4.5mln, median: 3.0mln.

- Atlanta Fed's Bostic speaks at 0830ET, followed by Minn's Kashkari at 1200ET

and Philly's Harker at 1600ET.

- NYFed to buy $8.5bln in Tsys in 2 operations. Supply = $180bln in bill sales.