Core FI space hasn't witnessed any.....>

BOND SUMMARY: Core FI space hasn't witnessed any sharp price swings thus far as

news wires haven't provided much in terms of broader picture developments of

note. Familiar themes remain in focus. T-Notes have held a tight range, last

trade -0-00+ (off earlier lows) at 138-20+. Cash yield curve runs slightly

steeper as we type. Eurodollars are unch. to +1.5 tick through the reds.

- JGB futures last seen at 152.86, 4 ticks above settlement. The contract

briefly blipped higher after the BoJ boosted the sizes of its JGB purchases

across 1-10 Year maturities. Yields trade lower across the board. Earlier,

Japanese unemployment fell in line with expectations as it increased to 2.5%

from 2.4% in March.

- In Australia, XM has moved off lows after a decent auction of ACGB 1.25% 21

May 2032 and now trades -2.0; YM sits +0.5. Yield curve has twist steepened in

cash trade. Bills are unch. to -1 tick through the reds.