Core FI has eased off a touch, with....>

BOND SUMMARY: Core FI has eased off a touch, with price moves remaining very

limited. In global trade news, RTRS reported that the U.S. & Japan may strike a

small trade deal by September. Elsewhere, S. Korea rejected Japan's arbitration

process offer & may send a trade envoy to Tokyo, as per press reports.

- Fedspeak continued in the NY/Asia crossover. Daly said she is "not leaning one

way or the other" on rate decision, Evans said he might back " a couple of

cuts," while Kaplan was open to a cut, but just one. T-Notes have inched lower,

but still trade +0-02 at 126-31+. Cash Tsy yields are sitting a touch higher

across the curve, while Eurodollars trade 0.5 tick lower to 0.5 tick higher. 

- JGB futures eased off a tad even as the Nikkei 225 remained in the red; they

last deal at 153.38, 5 ticks below settlement. Cash yields are marginally

higher. 20-Year JGB supply is exp. later today.

- Aussie bond yields last seen broadly higher across the curve, but only

slightly. YM sits 0.5 tick lower, just as XM. Bills are trading unch. to 1 tick

lower through the reds. A$1.6bn of the 1.50% 21 Jun 2031 ACGB supply is

scheduled for the top of the hour.