Core FI markets were relatively........>

BOND SUMMARY: Core FI markets were relatively contained overnight, with equity

markets a little choppy, while the PBoC continued to lean against CNY weakness

via its mid-point fixing, albeit with little to no tangible success.

- It was a case of another tight overnight range for T-Notes, with the contract

last -0-01+ on the day at 139-02+, which actually equates to best levels in

Asia. Meanwhile, yields sit -/+0.5bp off closing levels across the Tsy curve.

- JGB futures also held a tight range, and last sit 6 ticks higher on the day,

aided by a solid round of 2-Year supply. 2s outperform on the curve as a result,

while the 3-5 Year zone marginally outperforms in swaps.

- Aussie bond futures also operated in a tight range in Sydney trade, with RBA

Governor Lowe's slightly less downbeat economic assessment (although still grim)

and notable markdown in FY20/21 CapEx estimates doing little for price action.

YM -0.5, XM +0.5.