Core FI has been bid as the Hong.......>

BOND SUMMARY: Core FI has been bid as the Hong Kong bill pursued by U.S.

legislator has pressed ahead. The NY/Asia crossover saw it get a thumbs-up in

the House of Representatives, while BBG reported that U.S. Pres Trump will

likely sign on the dotted line. Trump's most recent criticism of China's conduct

in bilateral trade talks has gained traction after RTRS released a piece

pointing to a stag in negotiations that could push the finalisation of phase-one

pact into the next year. At the same time, China's state media have circulated

Beijing's indignation with the HK bill. Participants have shied away from

riskier assets, as a quiet regional docket has failed to offer anything that

could materially improve sentiment.

- T-Notes trade +0-08 at 130-01+. Cash Tsy yields trade 3.1-4.1bp lower across

the curve. Eurodollars last seen 1.0-3.5 ticks higher through the reds.

- JGB futs at 153.62, +14 ticks vs. settlement; cash yield curve has flattened.

- In Australia, YM +1.0 & XM +2.5. Bear flattening evident in cash yield curve

with yields sitting 0.2-3.6bp lower. Bills -1 to +2 ticks through the reds.