Core FI slip in early Asia trade in....>

BOND SUMMARY: Core FI slip in early Asia trade in reaction to UK exit polls,

which put the Tories on course to win a comfortable, 68-seat majority in the

House of Commons. UK polls closed half an hour after BBG sources said that U.S.

Pres Trump signed off on a trace pact with China, which allows to avert new

tariffs taking effect on Dec 15. The BBG headline followed earlier speculation

that this might be the outcome of Trump's meeting with his trade team.

- T-Notes re-opened on the back foot; they last trade -0-12+ at 128-00. Some

bear steepening creeps into the cash yield curve; yields last seen 1.6-4.1bp

higher. Eurodollars trade +0.5 to -4.0 ticks through the reds.

- JGB futs sit at 152.00, -38 ticks vs. settlement, hovering near the YtD low of

151.83. JGB yields are higher across the curve. The paper ticked away from lows

as Q4 Tankan Survey saw the headline Large M'fing Index fall more than exp. to 0

from 5. The focus turns to final industrial output data, due later in the day.

- In Australia, YM -10.0 & XM -13.75. The yield cure has bear steepened, with

yields sitting 8.8-13.5bp higher. Bills trade 5-11 ticks lower through the reds.