Core FI mostly traded sideways.........>

BOND SUMMARY: Core FI mostly traded sideways through the Asia-Pac session, amid

little new on the wires. In terms of risk events, focus remained on the latest

developments in Argentina & Hong Kong, but this wasn't reflected in price

action. T-Notes last trade -0-03 at 130-09. Cash Tsy yield curve has marginally

twist steepened. Eurodollars last seen unch. to 1.0 tick lower thru the reds.

- JGB futures last trade 9 ticks above settlement at 154.82. Cash yields are

trading 0.5-1.2bp lower across the curve. The Nikkei 225 remained in the red.

- Aussie bond futures eased off, YM last -1.0, XM +1.5. Cash yields sit -2.8bp

to +1.1bp, twist flattening apparent. Bills are -1 tick thru reds. The space

ignored comments from RBA Asst Gov Kent, who said that recent rate cuts are

working as usual. He added that using unconventional MonPol is unlikely but

possible & added that the RBA are "inflation targeters" rather than

"unemployment targeters." Little reaction noted to NAB biz. conf. survey (better

headline index, softer employment sub-index) & 21 Nov 2027 I/L ACGB supply.

- Bunds +0.13, Bobls +0.03, Schatz +0.005. EZ focus turns to German ZEW survey &

CPI, while news-wise Italian political saga will remain front and centre.