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Core FI Edge Higher In Quiet Asia Morning

BOND SUMMARY

T-Notes have edged higher, albeit remain confined to a fairly tight 0-03 range, and last trade +0-01+ at 139-11. Headline and data flow has been few and far between in the Asia morning, leaving participants in waiting mode. The uptick may be linked to a pullback in e-minis, which saw them grind into negative territory. Cash Tsy yields sit lower, with long end of the curve outperforming ahead of today's 30-Year Tsy supply. Eurodollar futures last seen -0.5 to +0.5 tick through the reds.

  • JGB futures have rallied since the open and last trade at 151.97, unchanged vs. settlement, even as the Nikkei 225 operates comfortably in positive territory. Cash JGB yields are marginally lower, with 2s outperforming. Core machine orders for July topped expectations. 20-Year JGB suppy take focus from here.
  • In Australia, YM unch. & XM -4.0 at typing. Cash Curve runs steeper, with yields sitting -1.5bp to +5.1bp. Bills last seen unch. to -1 tick through the reds. Austraia's consumer inflation expectation eased a tad, while the RBA refrained from purchasing ACGBs today.

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