Core FI pared some of the gains........>

BOND SUMMARY: Core FI pared some of the gains registered after yesterday's

policy decision from the FOMC & Fed Chair Powell's presser. Elsewhere, China's

off'l PMI readings missed forecasts; on the topside, MOFCOM in Beijing said that

top trade reps from the U.S. and China will speak by phone on Friday as talks

will continue despite uncertainty caused by the cancellation of APEC summit.

T-Notes eased off save for an uptick on Chinese PMI data; last seen +0-02+ at

129-18. Cash yield curve runs flatter. Eurodollars -1.0 to +0.5 tick thru reds.

- JGB futs last seen off lows at 153.90, +13 ticks; advanced initially  perhaps

helped by a Nikkei report re: potential dovish tweaks in BoJ's forward guidance

today. They shed gains as this came into fruition, albeit in combo w/broadly

unch. policy settings. Cash JGB yields sit lower, the curve is slightly flatter.

Little reaction to local data; focus on Gov Kuroda's post-MonPol presser.

- Aussie bond futs declined; YM -3.5 & XM -2.0. Some pressure noted after the

release of a slew of Australian econ figures, including better than exp.

building approvals & export price index. Cash yields rose overnight and sit

1.2-3.1bp better off, curve is flatter. Bills are 3-5 ticks lower thru reds.