Core FI respect familiar ranges as.....>

BOND SUMMARY: Core FI respect familiar ranges as news flow remains sparse,

leaving markets to settle after a geopolitics-driven week. T-Notes trade -0-02+

at 128-26. Yields sit 0.4-1.0bp higher across the curve at typing. Eurodollars

last seen unch. to -1.0 tick through the reds.

- JGB futures last seen at 152.08, just 1 tick above settlement. There is some

modest twist steepening creeping into the cash yield curve. A worse than

expected Japanese household spending print came and went, so did a round of 1-10

Year Rinban ops, which saw the BoJ leave all purchase sizes unchanged.

- Aussie bond futures ticked lower in reaction to better than forecast domestic

retail sales, but promptly faded the move as participants realised that the

reading was boosted by Black Friday sales. YM & XM both trade +0.5, cash yields

are little changed across the curve. Bills are unch. to -2 ticks through the

reds. The AOFM published their weekly issuance schedule (covered in the earlier

bullets) & announced that they plan to "launch the 21 May 2032 bond line via

tender in the week beginning 20 January 2020," with further details to be

revealed next Friday.