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Core FI stick to relatively tight......>

BOND SUMMARY
BOND SUMMARY: Core FI stick to relatively tight ranges as the impact of
U.S.-Iran tensions has eased. Little of note on the news wires so far; U.S. VP
Pence's spokesperson said that he will be giving a speech on Iran policy next
week. T-Notes last trade -0-00+ at 129-07+. Cash yields sit marginally around
neutral levels. Eurodollar futures print -0.5 to +0.5 tick through the reds.
- JGB futures have lost altitude, last trade -27 ticks vs. settlement at 152.07.
Firmer Japanese equity benchmarks add pressure to the space, while the worsening
in Japanese Jibun Bank services PMI (slipped into contraction) & composite PMI
has been shrugged. JGB yields are broadly higher across a slightly flatter
curve. The focus turns to today's 10-Year JGB supply.
- A weak ANZ job advertisements reading in Australia triggered modest upticks in
YM & XM, which now trade +1.0 & unch. respectively. Even before the release,
Aussie bond futures seemed less willing to sell off than some of their global
couterparts. Aussie yield curve has twist steepened a tad, while bills trade
+1-3 ticks through the reds.

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