Core FI prices fluctuated as...........>

BOND SUMMARY: Core FI prices fluctuated as participants assessed the downplaying

of Friday's BBG source story by U.S. Tsy. Albeit the Tsy said Saturday that

delisting Chinese firms is not on the table for now, they failed to address the

potential for introducing other measures limiting U.S capital flows to China

mentioned in the report. Elsewhere, modest selling pressure emerged in reaction

to a beat in China's Caixin m'fing PMI. T-Notes -0-04+ at 130-08; cash yield

curve marginally steeper. Eurodollars sit -0.75 to -2.5 ticks lower thru reds.

- JGB futures -17 ticks vs. settlement levels, last at 155.00, while Japanese

yield curve has bear steepened. Not too much of a reaction to mixed local data,

with a beat in retail sales and a miss in flash industrial output. The Summary

of Opinions from the latest BoJ MonPol meeting showed that members discussed

pros/cons of more stimulus. A knee-jerk higher in the space noted as the BoJ

upped the size of 1-3 Year buys, while trimming the size of 3-5 Year purchases.

- Aussie YM +0.5, XM -2.5 ticks. Aussie yield curve bear steepened; bills -1 to

+1 tick. The AOFM auctioned A$400mn worth of ACGB 3.25% 21 Apr 2029. Cover ratio

rose, even as ANZ earlier highlighted falling demand for ACGB sales.