Core FI range-bound so far, with.......>

BOND SUMMARY: Core FI range-bound so far, with little of note in the way of

market-moving news and data flow. The focus remains on familiar risk factors.

T-Notes last trade -0-01+ at 129-26, cash Tsy yields sit are barely changed

across the curve. Eurodollars trade 0.25-1.0 tick lower through the reds.

- The Nikkei 225 opened higher and remains in the green, which has put JGB

futures under pressure. The paper trades 4 ticks below settlement, last at

154.10. JGB yields sits a touch higher across the curve. Little reaction seen to

a deterioration in flash Jibun Bank PMI readings out of Japan, with the

composite metric moving into contractionary territory. Y900bn worth of 20-Year

JGBs will be auctioned later today.

- Australian YM trades +1.0, with XM +0.5. Aussie bond yields sit lower across

the curve. Bills last seen -1 to +2 ticks through the reds. Flash CBA PMI

readings for October indicated a slowdown in the expansion of Australian

manufacturing and services sectors, but the space has shown little concern.

Australian 3-Month Bill auction fell short of target; the AOFM clarified

promptly that the issuance was a cash management rather than funding tool.