Core FI markets have come under........>

BOND SUMMARY: Core FI markets have come under pressure in early Tuesday trade,

as the impetus from Monday's Wall St. session spills over into Asia-Pac hours,

with little in the way of risk positive headlines out there, while markets have

looked through the latest round of COVID-19 headlines out of China. This leaves

T-Notes -0-09+ on the day at 138-14, a little off session lows, with the cash

curve bear steepening, as yields sit unchanged to 3.3bp cheaper at typing.

- JGB futures are 12 ticks lower than settlement after breaching the overnight

lows, although also sit back from worst levels. The 5-10 Year zone of the cash

curve underperforms again today, with 7s the weak point on the curve. Swap

spreads are typically a little wider across the curve.

- Aussie bonds have mimicked moves in Tsys, with YM -1.0 and XM -5.0, although

the latter hasn't forced a challenge of the 99.00 level (1.00% in implied yield

terms) as of yet.

- The latest BoJ decision and the minutes from the RBA's most recent monetary

policy meeting headline the regional docket today, although neither release is

expected to be much of a market mover.